Taxation Flashcards
1
Q
Property tax
A
ad valorem tax levied annually on the taxable value of a property in order to help fund government and public services
2
Q
Property tax
A
ad valorem tax levied annually on the taxable value of a property in order to help fund government and public services
taxable value is based on assessed
3
Q
Homestead exemptions
A
a tax exemption of a portion of the assessed value of a principal residence
granted to the homeowner, provided
He or She is the Head of the family
Has resided at the property for the required length of time
4
Q
Tax deed conveyance
A
conveys title in the tax sale
