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Wyoming Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Wyoming property tax laws are governed by the Wyoming Department of Revenue and are based on a fractional assessment of property.  Basically this means that the assessed value of your home is based on a fraction of the full market value of your property.  Most property is based on ... continue reading

Wisconsin Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Wisconsin property tax laws provide the most important tax revenue source for Wisconsin’s local governments; a majority goes to school districts, vocational technical colleges, special purpose districts and tax incremental finance districts.  Wisconsin imposes a real or residential property tax and does not impose a property tax on vehicles.  ... continue reading

West Virginia Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The West Virginia property tax laws are governed by state’s property tax code and administered by county officials and officials of several state government agencies.  The property law further defines property in four different classes, for example, Class I is for all tangible personal property used exclusively for agriculture; Class ... continue reading

Washinton Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

Washington property tax laws allow various taxing districts including the state and local jurisdictions to levy property tax.  Both real property and personal property are taxable in Washington.  Real property is assessed once every four years and in some counties, properties are revalued each year and require physical inspection at ... continue reading

Virginia Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Virginia property tax laws are governed by the local cities, counties and towns and are assessed at one hundred percent of its fair market value.  The real property tax rate is set by the local Board of Supervisors.  Personal property taxes are levied each calendar year on all motor ... continue reading

Vermont Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Vermont property tax laws are governed by the Vermont Department of Taxes.  Property is assessed at the municipal local level.  Local assessing officials are called “listers” and determine the appraisal value of your property.  The legislative body of the municipality called selectboard or alderboard sets a tax rate to ... continue reading

Utah Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

Utah property tax laws allow for property taxes to be assessed and collected locally.  There are two types of tax rates one is “entity” and the other is “area.”  A group of “entity” rates make up the “area” rate.  Then the “area” rate becomes the final tax rate charged by ... continue reading

Texas Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Texas property tax laws can be found in the Texas Property Tax Code.  Basically, Texas does not have a state property tax but counties, cities and school districts may assess and collect property taxes on all real and income producing tangible personal property.  Personal property that is exempt includes ... continue reading

Tennessee Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Tennessee property tax laws are calculated based on the following four components: appraised value, assessment ratio, assessed value and tax rate.  Property tax assessments are based on a percentage of fair market value of the property each January 1 st .  The percentage varies according to statutory classifications based ... continue reading

South Dakota Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The South Dakota property tax law gives the Property Tax Division the responsibility for overseeing property tax assessment and tax laws of the state.  Property tax funds that are collected are the primary source of funding for school systems, counties, municipalities, and other local government units.  Property tax administration is ... continue reading

South Carolina Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The South Carolina property tax law follows the South Carolina Constitution and requires that all property be taxed fairly and equitably.  State property tax law also requires that counties reassess property every five years on a staggered annual schedule.  Your property tax is determined by multiplying the fair market value ... continue reading

Rhode Island Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

Rhode Island property tax laws are handled by the municipal assessors and collectors from thirty-nine municipalities throughout the state.  As a result there is no state property tax imposed directly by the state.  However, a portion of the city and town taxes is set aside for state purpose.  In addition, ... continue reading

Pennsylvania Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

Pennsylvania property tax laws apply to the local governments in Pennsylvania such as counties, municipalities and school districts.  All three districts are allowed to levy real estate or property taxes.  The property taxes apply only to real estate such as land and buildings.  No other taxes are levied on cars, ... continue reading

Oregon Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Oregon property tax laws are found in the Oregon Constitution and limit the amount of property value subject to taxation.  In 1997 ballot Measure 50 called maximum assessed value or MAV was passed that described the formula to limit the value assessed on property.  MAV limits an increase each ... continue reading

Oklahoma Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Oklahoma property tax laws are set by the Oklahoma Constitution for real and tangible property.  The property taxes also known as ad valorem taxes are based on the value of a homeowner’s property.  Each county determines the value of the property through appraisals that are done once every four ... continue reading

Ohio Property Tax Laws

Monday, December 11th, 2006
Posted by Lacey

The Ohio property tax laws are calculated on a taxable value determined by true value and assessment rate.  This is expressed as mills.  Approximately 2/3 of property taxes go to fund schools throughout Ohio.  Real property tax on land and buildings are broken down into two classifications.  One is residential ... continue reading

North Dakota Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The North Dakota property tax laws assess real property for residential and commercial on its market value.  A residential dwelling, garages, barns and storage buildings located on the same parcel with the dwelling is considered as part of real property and used in assessment purposes.  Agricultural property assessment is based ... continue reading

North Carolina Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The North Carolina property tax laws are governed by the Machinery Act General Statute 105, Subchapter II and provide the rules and regulations for the listing, assessing and appraising of both real and personal property.  Under G.S. 105-286 all counties in North Carolina are required to conduct a reappraisal at ... continue reading

New York Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

New York property tax law is limited to real property.  Every real property in municipalities needs to be assessed at a uniform percentage of value.  The percentage of value can be as low as five percent but can not exceed one hundred percent.  However, every property assessed must be assessed ... continue reading

New Mexico Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The New Mexico property tax laws are part of the state statutes annotated 7-38-8 NMSA 1978 that requires owners of real property, tangible movable business property and/or manufactured homes to pay property taxes.  New Mexico has one of the lowest local property taxes per capita/year at $380. 

By state ... continue reading

New Jersey Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The New Jersey property tax laws are based on 100 percent of the fair market value.  All real property and tangible personal property is subject to property tax unless specifically exempted by state statute.  As a result New Jersey homeowners face the highest property taxes in the United States.  This ... continue reading

New Hampshire Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The New Hampshire property tax laws are governed under New Hampshire Statute RSA 75 and Administrative Rules found in Chapter Rev 600.  This law provides for the local municipalities to levy property taxes on local property either annually, semiannually or quarterly. 

The local property tax rates are adjusted to ... continue reading

Nevada Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The Nevada property tax laws are based from the Nevada Constitution and consist of a tax rate and a tax base.  The tax base is calculated by appraising the value of the property according to statutory requirements and is called the taxable value.  This taxable value is then multiplied by ... continue reading

Nebraska Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The Nebraska property tax laws levy taxes on real estate and most personal property used for income.  The local governments in Nebraska assess the value of their local community.  The state government has been prohibited from levying property taxes since the 1966 initiative petition.  The tax on real estate is ... continue reading

Montana Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The Montana property tax laws are governed by the Department of Revenue that does appraisals, assessments and determines equalization of the value of all property in the state of Montana.  Montana has over 800,000 individual parcels of property that include residential, commercial, agricultural, industrial and forest land.  They review real ... continue reading

Missouri Property Tax Laws

Friday, December 8th, 2006
Posted by Lacey

The Missouri property tax law covers more than 2,500 Missouri local governments.  They rely on property taxes levied on real property and personal property.  There are two separate factors that are used when determining the amount of property taxes levied on a taxpayer.  One is established by the local assessor ... continue reading

Mississippi Property Tax Laws

Thursday, December 7th, 2006
Posted by Lacey

The Mississippi property tax laws require that taxation of property is to be uniformed and equal throughout the state of Mississippi.  All property not exempt from ad valorem taxation is taxed at the assessed value.  The assessment of property for tax purposes must follow the laws, rules and regulations and ... continue reading

Minnesota Property Tax Laws

Thursday, December 7th, 2006
Posted by Lacey

The Minnesota property tax laws include real and personal property.  In addition, any real, personal and manufactured home property that is classified as commercial/industrial, public utility, seasonal residential recreational or mineral are subject to the state general tax.  In 2001 the Minnesota legislatures enacted the first state property levy since ... continue reading

Michigan Property Tax Laws

Thursday, December 7th, 2006
Posted by Lacey

The Michigan property tax law is based on taxable value of a property and is governed by the Michigan Constitution Proposal A that was passed in 1994.  Proposal A shifted the tax burden from property tax to sales tax.  It also limited the growth of property tax assessments and capped ... continue reading

Massachusetts Property Tax Laws

Thursday, December 7th, 2006
Posted by Lacey

Massachusetts property tax law assesses real and tangible personal property.  Seventy-three percent of the locally raised revenue comes from property tax.  When compared to other states that receive only forty-seven percent of locally raised revenue Massachusetts is one of the highest property tax states in the nation. 

Lower calculated ... continue reading