How property taxes are collected?
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Studied at the University of Cape Town, Lives in Cape Town, South Africa.
When the property is sold, its assessed value is reset at market value. ... In most states, the state government collects income tax while local jurisdictions collect property tax, making circuit breakers a type of subsidy from state to local governments.
2023-05-09 23:43:24
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When the property is sold, its assessed value is reset at market value. ... In most states, the state government collects income tax while local jurisdictions collect property tax, making circuit breakers a type of subsidy from state to local governments.