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Unformatted text preview: -impediment to construction-increases property value which therefore increases tax-should be based on utility derived per tax dollar paid-ex. Pay total of $6000 in tax, $4200 goes to school district, but have no kids in school while neighbor with four kids in school pays same tax-no benefit derived from tax Type of property tax-Ad Valorem Tax (General Property Tax)-applies to all privately owned property within a taxing jurisdiction-taxing jurisdiction- anybody who can tax (govt entity) to raise revenue-churches, government owned property, property owned by nonprofit/charitable organizations dont pay property tax-Special Assessment (improvement tax)-levied against specific parcels of privately owned property...
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- Spring '08