Property tax is a tax on real estate, ships, aircraft or other immovable
property, such property owners pay. The tax base is determined, the value of the
property. Property tax relief, the government provided to the owners of their
property, who pay taxes is a kind of savings or refund. This is a way to ignite
people's tax burden.
Many countries have passed legislation, introduced a
variety of measures, to provide some relief property tax or other forms of
residents. For example, the state of California to provide property tax relief
taxpayers are damaged or destroyed their property. This method is suitable for
the real estate, commercial equipment, mobile homes, boats and planes. Property
tax exemption and reduction of evaluation by most project. In the state of New
Jersey, from the increase in property tax relief to mail the check, in the
summer of 2004, as part of a fair and emergency relief program, about 1300000
residents to benefit. Up to $1200 cheque mailed to homeowners who aged 65 or
above, with a total income of 100000 yuan or less. The total revenue of $100000
and tenants also benefits from the tax saving room check. The tax cut bill
signed into law, 2004, Pennsylvania governor Rendell, proposed by revenues from
gaming, a resident of the state of Pennsylvania to provide property tax
relief.
Under normal circumstances, property tax relief provided by different
categories. Classification of common homestead exemptions senior real estate
tax, personal income tax credit for first-time buyers, personal income tax,
property tax credit, low income, long-term owners tax credit terms. Property tax
relief to help reduce the burden of all residents. It does so, especially in the
elderly cases, low - and moderate income families.
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