Tax Topics
Property Tax
Common real and personal property tax concepts for businesses and homeowners.
Key sections and concepts
- Assessment
Assessed value
The value a local assessor assigns for tax purposes.
- Millage rate
Tax rate
The rate applied to assessed value, stated per thousand dollars in many areas.
- Rendition
Business personal property return
A report of business personal property filed in many jurisdictions.
- Assessment appeal
Protest
The process for challenging an assessed value within local deadlines.
- Exemption
Property tax exemptions
Relief for qualifying owners or uses, such as homesteads and nonprofits.
- Abatement
Incentives
A reduction, often granted for economic development.
Popular search topics
- property tax appeal
- business personal property tax
- how property tax is calculated
- property tax assessment
- homestead exemption
- property tax abatement
- commercial property tax
- property tax training
For general education only, not tax advice. Tax law changes often, so confirm current rules and amounts with primary sources.
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