Bert just purchased his first property. To what level(s) of government will Bert have to pay real estate taxes? Federal, County and local, State Or To no level since the Constitution bans real estate taxes for all levels of government??
The real estate taxes are administered at the local government level. Many states impose limits on how local jurisdictions may tax property. The tax which is computed as the fair market value of property times an assessment ratio times a tax rate is Bert’s obligation as the owner.
