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> What is this property tax thing? Is it for school taxes?
Most ad valorem taxes (meaning, based on the value of the property) are for operation of city and county governments and school districts. In my home town, we have assessments for city and county governments, the local school district, the county junior college, and the cemetery.
In most places, personal property is the same tax rate that applies to real estate, although how the value of personal property is figured will naturally be different. Some places also tax savings accounts, stocks, and other financial assets under the ad valorem system, too.
Here in Kansas, you pay property tax on your land, home, and/or business structures as real estate. If you lease out mineral rights, you also pay tax on those as personal property. Vehicles are taxed as personal property, but through the tag office rather than the tax assessor. And any large non-motor-vehicle items or business equipment are taxed separately as personal property through the assessor's office.
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John
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