Property tax on real estate

Response 1) Property tax is defined as an ad-valorem tax on the value of the property, usually levied on real estate. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region, or municipality. Many advantages have been outlined in the textbook. The government provides numerous systems to aid property owners to get some relief for property owners. The tax relief may be provided because the owner could be elderly therefore eligible for exceptions. You may also receive a deduction on taxes because you live in the dwelling that you are paying taxes on. You could also receive a deduction from property taxes if for example; the dwelling is used for a haven. Government properties also receive quite a few tax base exemptions.

While there are so many pros for property taxes there also lay some cons. “Property tax exemptions to individuals fail to target property tax relief to those individuals most in need (Mikesell, 2018).” This is a con that is most recognized because I have known quite a few individuals that have lost their property because they could not afford the taxes. There is always a large lump sum and individuals seem to get overwhelmed when they see it and if they cannot pay it normally they just drop it in the back of the pile of bills. There is also a misunderstanding between the appraised value and the property tax. “In the beginning, God created heaven and earth (Genesis1:1 King James Version).” The only thing that I am disputing is the taxes for the land that God created.

Mikesell, J. L. (2018). Fiscal Administration. Boston: Cengage Learning.

Response 2) A user fee is derived from government sale of licenses to engage in otherwise restricted or forbidden activities. People pay user fees for the use of many government-affiliated services and facilities as well. User fees are not user charges or public prices, even though they may share some equity and fiscal advantages of prices. These fees seldom involve the direct sale of a good price but rather involve payment for some privilege granted by the government. An example of a user fee is a parking garage. A regulatory fee are payments based on government authority to regulate particular businesses or activities for benefit of public that stem from sovereign powers of the government. Regulatory fees means payments, whether designated as license fees, permit fees or by another name, which are required as an exercise of police power and as a part of or as an aid to regulation of an occupation, profession or business. An example of a regulatory fee is a registered auditor.

Beneficiary-based taxes are levied on bases correlated with use of particular government services. These taxes include the transportation-related excises (highway, airway, inland waterway, and harbor) and the excises on fuel and equipment associated with boating safety programs. Liability-based taxes are levied for the purpose of abating hazards, discouraging damaging activities, or compensating injuries. They include excises on certain chemicals that are dedicated to the Hazardous Substance Trust Fund and taxes on certain fuels dedicated to the Leaking Underground Storage Tank Trust Fund. These are the four classes that narrows down the fees and charges.

My Homework Nest
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.