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Where do they come up with my property tax bill?

 

Did you know your assessed value is not your taxable value? The various taxing jurisdictions apply tax rates to your taxable value, not your assessed value. Your assessed value is just the market value of your home. What is the taxable value? Taxable value is the part of your assessed value that is taxable. Just like not all of your income is taxable, not all of your house is taxable.

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