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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.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
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. [1]
[6] [7] [8] The mission of the agency is to "serve the public by acting ethically and efficiently in our administration of Virginia’s tax laws." [ 1 ] The agency is currently led by Craig M. Burns, who has served as Tax Commissioner since November 2010 [ 9 ] [ 10 ]
Municipal ad valorem property tax is often referred to as "property tax" for short. The owner of the property should pay this tax based on the value of the property. Ad valorem taxes refer to goods or property taxes seen as a percentage of the sales price or estimated value. They belong to the assessed value range (because this is the only way ...
Middlesex County Schools (MCPS) is the public schools system for Middlesex County, Virginia, United States. [19] The following schools make up the Middlesex County Public Schools system: Middlesex Elementary (Grades PK - 5th) [20] St. Clare Walker Middle (Grades 6th - 8th) [21] Middlesex High School (Grades 9th - 12th) [22]
The Commonwealth of Virginia is divided into 95 counties and 38 independent cities, which are considered county-equivalents for census purposes. All counties, with the exception of Arlington County, are further subdivided into magisterial districts. [1]
Buildings and structures in Middlesex County, Virginia (2 C, 10 P) E. Education in Middlesex County, Virginia (1 C) G. Geography of Middlesex County, Virginia (2 C, 1 ...