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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.
Federal, state, and local governments impose tax assessments against real property, personal property, and income. 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 ...
Webster County is a county in the U.S. state of West Virginia. As of the 2020 census, the population was 8,378. [1] Its county seat is Webster Springs. [2]
Property taxes calculated in accordance with these new values will be levied from 1 January 2025 onwards. In addition, the real property tax reform grants municipalities the right to set an increased rate of assessment on undeveloped, ready-to-build land from 2025 onwards for urban development reasons. [31] Real Property Tax Exemptions
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Addison, commonly known as Webster Springs, is a town in and the county seat of Webster County, West Virginia, United States. Although it was incorporated as Addison in 1892, [ 5 ] it is more frequently referred to as Webster Springs, the name of the town's post office . [ 1 ]
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