FROM OWNERSHIP TO OBLIGATION: THE ROLE OF PROPERTY TAX FOR INDIVIDUALS
Keywords:
Key words: Property tax, individuals, homeowners, tax liability, assessment methods, equity, efficiency, tax relief programs, transparency, monitoring, evaluation, reform, fiscal policy, social dynamics, economic implications, local government, revenue generation, policy recommendationsAbstract
Abstract: This article explores the multifaceted role of property tax in the lives of individual taxpayers. From its inception as a means of funding local government services to its implications for property ownership and wealth distribution, property tax represents a fundamental aspect of the modern tax landscape. Drawing on theoretical frameworks and empirical evidence, this study examines the various factors influencing property tax liability for individuals, including property value, assessment methods, and jurisdictional differences. Furthermore, the article analyzes the economic, social, and policy implications of property taxation, shedding light on its impact on individual homeowners, investors, and communities. By unpacking the complexities of property tax from an individual perspective, this research contributes to a deeper understanding of the obligations and challenges associated with property ownership in contemporary society.
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