Tag: property tax assessment
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A Q&A on “Assessed Value”: How Tax Officials Decide What Your Deed Is Worth
Deed holders pay taxes for owning property. The value of a deed to a tax assessor is not the same as the value assigned by the market or by a real estate appraiser. The property’s tax basis is called its assessed value. To simplify: the deed holder pays taxes on the assessed value of the…
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Deed Holders “Turn Complaints Into Paperwork” After County Hikes Property Taxes
Deed holders in Davison County, South Dakota get a tax bill for each parcel they own. Many property owners were startled by their latest tax bills. In previous years, parcels of land were combined, giving their owners a lower overall tax assessment. Unwilling to pony up the money for the higher taxes, some are choosing…
