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2. Property Taxes: What They Are, How They’re Used and ... - AOL

   www.aol.com/property-taxes-used-calculate-them...

   The payment schedule and amount of property taxes you owe varies by where you live, if you don’t pay your property taxes your tax bill will continue to accrue interest and penalties, and a lien ...

3. What are property taxes, and how are they calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   Assessed home value x tax rate = property tax. For instance, if your home’s assessed value is $400,000 and your local tax rate is 2 percent, you’d owe $8,000 per year in property taxes.

4. 1978 California Proposition 13 - Wikipedia

   en.wikipedia.org/wiki/1978_California_Proposition_13

   The disparity grows when property prices appreciate by more than 2% a year. The Case–Shiller housing index shows prices in Los Angeles, San Diego, and San Francisco appreciated 170% from 1987 (the start of available data) to 2012 while the 2% cap only allowed a 67% increase in taxes on homes that were not sold during this 26-year period.

5. Mello-Roos - Wikipedia

   en.wikipedia.org/wiki/Mello-Roos

   The Community Facilities Act was a law enacted by the California State Legislature in 1982. [2] The name Mello-Roos is derived from its co-authors, Senator Henry J. Mello (D-Watsonville) and Assemblyman Mike Roos (D-Los Angeles). When Proposition 13 passed in California in 1978, it limited the property tax rate and the ability of local ...

6. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

7. 6 Things Every Homeowner Should Know About Property Taxes - AOL

   www.aol.com/6-things-every-homeowner-know...

   Many mortgage companies make paying property taxes more manageable by paying your property taxes out of an escrow account you fund by paying 1/12 of your tax bill with each monthly mortgage payment.