Property tax: Difference between revisions

In the United States, property tax on real estate is usually levied by the local government. The national government levies no real estate tax, nor property tax. State governments levy 3% of the total property tax collected. The other 97% is collected by [[County (United States)|counties]], [[municipal government|municipalities]], [[School district#United States|schools]], [[Community colleges in the United States|community colleges]], and many other special-purpose governmental agencies, e.g. libraries, museums, parks, bridge authorities.<ref name="NatConStateLegislatures">{{cite web |title=State, Federal and Local Taxes |url=http://www.ncsl.org/documents/fiscal/statefederalandlocaltaxes.pdf |website=ncsl.org |publisher=National Conference of State Legislatures |page=3 |language=en}}</ref> Rates vary across the states, between about 0% and 4% of the home value.<ref>{{cite web |url=http://taxfoundation.org/article/property-taxes-owner-occupied-housing-state-2004-2009 |title=The Tax Foundation&nbsp;— Property Taxes on Owner-Occupied Housing by State, 2004–2009 |year=2009 |access-date=2010-10-04}}</ref> 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. (See exceptions below.)