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An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
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.
In the case of Monongalia County, where property taxes make up about a quarter of the county's budget, the plan proposes an annual revenue replacement of $30, 834, 041 to be divided among the ...
The assessment is made up of two components—the improvement or building value and the land or site value. The property tax is the main tax supporting local education, police, fire protection, government, roads, and most infrastructure, e.g. sewers, bridges, street lights. Many state and local jurisdictions add personal property taxes.
The West Virginia state treasurer is the state's chief financial officer. [1] It is one of six constitutionally mandated offices. [ 2 ] Elected statewide for a four year term, the treasurer is responsible for overseeing state operating funds, monitoring state debt and performing banking and accounting duties in accordance with state law. [ 1 ]
Pittsburgh used the two-rate system from 1913 to 2001 [21] when a countywide property reassessment led to a drastic increase in assessed land values during 2001 after years of underassessment, and the system was abandoned in favor of the traditional single-rate property tax. The tax on land in Pittsburgh was about 5.77 times the tax on ...
Some jurisdictions also tax some types of business personal property. [83] Rules vary widely by jurisdiction. [84] Many overlapping jurisdictions (counties, cities, school districts) may have authority to tax the same property. [85] Few states impose a tax on the value of property. Property tax is based on fair market value of the
In West Virginia, the county is the unit of government, although an unsuccessful attempt to introduce the township system was made in West Virginia's first constitution. Each of the state's 55 counties has a county commission , consisting of three commissioners elected for six years but with terms so arranged that one is up for reelection every ...
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