Buying A Home/Property Lethbridge | Real Estate For Sale Lethbridge
What are property Taxes?
Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. It is calculated by a local government where the property is located and paid by the owner of the property. The tax is usually based on the value of the owned property, including land.
The local governing body will use the assessed taxes to fund water and sewer improvements, and provide law enforcement, fire protection, education, road and highway construction, libraries, and other services that benefit the community.