Taxation

Taxation is the right of a government to levy taxes against real property.

 

•Property taxes are usually ad valorem taxes.  Ad valorem means "according to value".

•Special assessments are taxes on a certain group of properties.  

 

Example:  A subdivision may ask the county to install street lights.  The county may agree provided that the residents of the subdivision pay a special assessment of $10 per month per house.  The extra $10 is a special assessment.

 

If taxes are not paid, the government may acquire the property through proper legal means or put a lien against the property or both.

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