Oct 07, 2024Home Ally
Property Tax vs Municipal Tax: Understanding the Difference
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Frequently Asked Questions
Can property tax and municipal tax be paid together?
Ans. Property and municipal taxes may sometimes be billed together, primarily if the same local governing body administers both taxes. However, it is also possible for these taxes to be billed separately.
Do property tax rates and municipal tax rates differ?
Ans. Yes, property tax rates and municipal tax rates can vary. The rates for property tax are typically based on the property's assessed value. In contrast, municipal tax rates may be determined based on the specific activity or service being taxed.
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