September 26, 2008
Levying property tax
Property tax is levied on homes on a municipal basis in two parts: for the one who lives in the house, and for the owner of the house. When one has a rental home, he/she should only pay the living part of the tax, where property tax payments are due annually in most cases, although the annual amount is frequently divided into periodic installments. This may involve quarterly payments, which is common with commercial property, where property tax administration is the responsibility of local government. The authority of the department is dependent on assisting local government units in making property tax assessments that are fair and in compliance with the law.