Your Tax Assessment vs. Property Tax: What's the difference?
The concepts of an assessment and property tax have proven to be a point of confusion for some business ownersāare they one and the same, or two different things? In fact, assessment is an integral function of the tax cycle, but taxation and assessment are two distinct things. The rationale behind the separation: It protects property owners from possible unfair treatment. As a taxpayer, thatās good for you, but thereās more you need to know to ensure youāre being taxed fairly.
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