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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property ...
Much of the Government of California is in practice the responsibility of county governments such as the Government of Alameda County. The County government provides countywide services such as elections and voter registration, law enforcement, jails, vital records, property records, tax collection, public health, and social services.
According to real estate records, each of the condo owners inside Alameda Towers Condominiums — a 20-story building that overlooks the Country Club Plaza that is home to some of Kansas City’s ...
The property tax most citizens are aware of is known as an ad valorem tax. This tax is used to fund general or day-to-day government operations. An ad valorem tax is commonly levied on both real and personal property. A property tax is based upon a property's market value.
Also serving as a destination for weddings and events, the property is worth more than $50 million and brought in an income of just over $18 million in 2019 from golf revenue and land sales.
In 2021 there were 2.6 million assessed properties for a total Los Angeles County property assessment value of nearly US$1.8 trillion. [6] The Assessor sells the following cadastral electronic documents and databases pursuant to Article 1 of the Constitution (the "Sunshine Amendment") and the California Public Records Act: [7]
Sometimes a real estate developer is the only "voter" in such property owner elections that approve a Mello-Roos tax. Once approved, a Mello-Roos Community Facilities District is formed. Once formed, a special tax (which is different from regular property tax) is imposed on all property within the community facilities district.
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