NCh3 Assessed Value And Taxes

Question 1

The value for your property for tax purposes is called

Answer 1

Assessed value

Question 2

If the local government is providing a benefit to a limited number of property owners, such as curves or sidewalks to the neighborhood, what may be levied against those property owners who benefit from the improvement?

Answer 2

Special assessment tax

Question 3

If your property is located in a ______________, also called a property improvement district. The property owner will receive a tax bill similar to the special assessment until the improvement is paid for all the improvement district designation is removed.

Answer 3

Municipal improvement district