Understanding how your property taxes are calculated can often feel like unraveling one of the deepest mysteries of the universe. However, it’s vitally important that you get your arms around this tax, if you are subject to it, as it’s often a large expense that you may be saddled with for a lifetime.
Property taxes can vary wildly, not only between different areas of the country, but even between different parts of the same municipality.
Just how do property taxes work? Shouldn’t they be the same for everyone?