{"id":369418,"date":"2016-04-04T10:47:27","date_gmt":"2016-04-04T15:47:27","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/realestate\/owning-a-home\/property-tax-rates-determining-property-tax-rates.html"},"modified":"2024-02-17T01:24:19","modified_gmt":"2024-02-17T06:24:19","slug":"property-tax-rates-determining-property-tax-rates","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/owning-a-home\/property-tax-rates-determining-property-tax-rates.html","title":{"rendered":"Determining Property Tax Rates"},"content":{"rendered":"\n
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Determining Property Tax Rates<\/h1>\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Robert Rafii, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

Taxing land and land improvements, such as buildings, is one of the oldest forms of taxation in the U.S. Annual property taxes are assessed against real property, not personal property<\/a>. Before income taxes and sales taxes, local governments used property taxes to finance most of their activities. Property taxes due yearly remain a major source of revenue for local governments.<\/p>\r\n

Taxpayer Dollars at Work<\/h2>\r\n

Tax dollars help support the functions and services of taxing authorities. Real estate taxes provide funding to:<\/p>\r\n