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Douglas Morgan
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Arizona Real Estate Agent, Out In Arizona Real Estate,
Arizona Real Estate Agent, Out In Arizona Real Estate,

378 followers
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How Are Property Taxes Calculated?

If you own a home, you are required to pay property taxes. A property tax is a levy on a property, requiring payment by the owner of the property. The tax is generally based on the value of the property and is usually assessed by local or municipal governments. Property taxes are most often used to pay for local school costs as well as other costs of operating a community, such as police and fire service.

Most property taxes are imposed on ‘real property,’ which is the land itself, and property that is attached directly to the land. When a homeowner upgrades a property, such as adding an extra bedroom to a home, the tax authority will typically increase the property taxes. The building permit process lets the governing agency know that an improvement has been made.

Typically, property values are re-assessed every two to four years, so changes in market values will eventually be reflected in the property taxes. The government will then assign a tax rate, sometimes called a millage rate, to the assessed value in order to determine the tax bill. It is important to know that tax assessments are not appraisals, so the tax value may or may not be a good estimate of a home’s value.

Whether you are selling your home or preparing to purchase a home, knowing how property taxes are calculated will help you determine the cost of homeownership. If you are interested in buying a home, I would love to meet with you to discuss your home buying options and any answer questions you have about property taxes or buying a home. Call me
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Making home a reality
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Out In Arizona Real Estate / Home Key Realty
Looking for that perfect home Out In Arizona? Look no further than www.outinarizonarealestate.com
This is all you need to find that perfect property and I am here to help.
Douglas Morgan
Douglas Morgan
outinarizonarealestate.com
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Gilbert Arizona Homes For Sale
Gilbert Arizona Homes For Sale
Gilbert Arizona Homes For Sale
outinarizonarealestate.com
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Homes Closing all Over the Valley, They Selling like Hot Cakes. I can help you sell yours also. What a great time to sell with inventory low your home will sell fast and maybe for more than you thought. Give me a call, Text or shoot me an email. Feel free to use my website to look at homes all over the valley, it's TOTALY FREE!!!!

www.outinarizonarealestate.com
Douglas Morgan
Douglas Morgan
outinarizonarealestate.com
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Outstanding Golf Course Home in a 55+ Community
Stop by and say hi Saturday from 12-3 pm


https://drive.google.com/file/d/0B0ZsCeWRtjhuVmZMdWU3aGMyRDlkMlQxeVptbFdXT2RCWXZR/view?usp=sharing
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Out In Arizona Real Estate / JKRealty Market Watch
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