In this video you will learn all about property and real estate taxes. There are a lot of misunderstandings regarding property tax and most people simply lack a basic understanding of how it works. This video answers some of the most common questions in an easy-to-follow way.
The video also dispels common myths or notions regarding assessors, since most people assume assessors have more to do with setting a property’s tax rate than they do. It even uses an analogy to help common people understand the basics of equity in terms of assessment, explaining how an assessor’s job is simply to make things fair and equal. This relates to real estate tax because an assessor’s purpose is to define the value of a property which the government can then use as part of its tax formula. All of these explanations work together to show viewers that tax is not as complicated as most people think.