Buying Your Home Q & A- How do property taxes work? - E-PersonalFinance

    • How do property taxes work?

    Property taxes are what most homeowners in the United States pay for the privilege of owning a piece of real estate, on average 1.5 percent of the property's current market value. These annual local assessments by county or local authorities help pay for public services and are calculated using a variety of formulas.

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