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2. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

3. How Much You’re Really Paying in Property Taxes - AOL

   www.aol.com/finance/much-really-paying-property...

   To determine the amount of property tax due, divide your property’s assessed value by $100, then multiply that amount by the property tax rate. For example, assume your tax rate is 1.2% and your ...

4. What are property taxes, and how are they calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   Assessed home value x tax rate = property tax. For instance, if your home’s assessed value is $400,000 and your local tax rate is 2 percent, you’d owe $8,000 per year in property taxes.

5. 6 Things Every Homeowner Should Know About Property Taxes - AOL

   www.aol.com/6-things-every-homeowner-know...

   Many mortgage companies make paying property taxes more manageable by paying your property taxes out of an escrow account you fund by paying 1/12 of your tax bill with each monthly mortgage payment.

6. Payment in lieu of taxes - Wikipedia

   en.wikipedia.org/wiki/Payment_in_lieu_of_taxes

   A payment in lieu of taxes (usually abbreviated as PILOT, or sometimes as PILT [1]) is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property .

7. McCulloch v. Maryland - Wikipedia

   en.wikipedia.org/wiki/McCulloch_v._Maryland

   McCulloch v. Maryland, [a] 17 U.S. (4 Wheat.) 316 (1819), was a landmark U.S. Supreme Court decision that defined the scope of the U.S. Congress 's legislative power and how it relates to the powers of American state legislatures. The dispute in McCulloch involved the legality of the national bank and a tax that the state of Maryland imposed on it.