City and/or county tax offices collect tax {property tax} on properties owned, based on current market value, not purchase price. Property has assessment each year.
types
Property types subject to taxation include houses, land, trailers, boats, and cars.
tax
Taxes are typically due in the fall. Taxes are a percentage of market value, typically 100%. Property taxes range from 1% to 3% of market value.
lien
Counties or states can place liens {tax lien} to pay taxes on real property. Counties or states usually wait for tax, sometimes paid by new purchaser, rather than foreclosing.
Practical Affairs>Financial Affairs>Tax>Kinds>Property
7-Financial Affairs-Tax-Kinds-Property
Outline of Knowledge Database Home Page
Description of Outline of Knowledge Database
Date Modified: 2022.0224