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What is real estate tax based on?

Oliver Mason | 2023-05-07 23:44:07 | page views：1727
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Sophia Nguyen

Studied at Harvard University, Lives in Cambridge, MA
After determining market value for the property, the assessed value will be determined by taking the actual value of the property and multiplying it by an assessment rate. The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%.
2023-05-09 23:44:07
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Charlotte Young

QuesHub.com delivers expert answers and knowledge to you.
After determining market value for the property, the assessed value will be determined by taking the actual value of the property and multiplying it by an assessment rate. The assessment rate is a uniform percentage and varies by tax jurisdiction, and could be any percentage below 100%.
Property Taxes: How They Are Calculated - Investopedia
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