Here is the synopsis of our sample research paper on PROPERTY TAX AND FUNCTIONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper answers some questions about property taxes, their purposes and how they're assessed. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTprotax.rtf
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Unformatted sample text from the term paper:
What is the difference between fair market value and assessed value? How is the actual amount of property tax determined? What is the difference between highest and best
use value and current use value? What are some exceptions and exemptions that can change the amount of property tax that a property owner pays?
Needless to say, property taxes work differently from municipality to municipality, but the theory behind property tax is that property in an area is assessed a
tax (mainly on its value), with the property owner being required to pay money for the value of the asset. There are two types of values when it comes to
property - fair market and assessed. Fair market is what the property would be worth on the market if the owner were to offer it for sale, and this tends
to be judged based on what other property in the area is being sold for at the time. Assessed value, in the meantime, involves how much the municipality thinks the
property is actually worth (and this depends on complicated formulas, including upgrades to the property, school districts and how good the students are, the rest of the neighborhood and so
on). There are differences between the two amounts - many taxpayers, in fact, claim that assessed values tend to be higher so the municipalities can tax a property for more
money. Highest value, best-use value and current-use value refer to the actual assessed value of the asset, the potential of the asset
(based on zoning and other factors) and what the asset is currently being used for. For example, if there is open land that has not been developed, the highest value
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