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Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property.
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Colorado City (/ ˌ k ɒ l ə ˈ r eɪ d ə / kahl-uh-RAH-dō) [5] is a city in and the county seat of Mitchell County, Texas, United States. [6] Its population was 3,991 at the 2020 census . History
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The Gallagher Amendment was an amendment to the Colorado Constitution enacted in 1982 and repealed in 2020 concerning property tax.It set forth the guidelines in the Colorado Constitution for determining the actual value of property and the valuation for assessment of such property. [1]
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