Gina owns a home in Atlanta. Every year, she pays personal property tax.
What is property tax?
- Property tax is defined as paid by a single entity on an owned property.
- Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation, school, or organization.
- Personal property taxes, also known as property taxes, are a form of taxation on what is said to be personal property.
- Personal property is defined as any flexible property that is not attached to a home or building.
- The requirements for personal property tax differ from state to state and mostly work on businesses.
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