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Your Tax Assessment vs. Property Tax: What's the difference?

Posted by Eleshia Matheny on Sep 20, 2019 11:55:56 AM

The concepts of an assessment and property tax have proven to be a point of confusion for some business owners—are they one and the same, or two different things? In fact, assessment is an integral function of the tax cycle, but taxation and assessment are two distinct things. The rationale behind the separation: It protects property owners from possible unfair treatment. As a taxpayer, that’s good for you, but there’s more you need to know to ensure you’re being taxed fairly.

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Topics: Property tax, Tax assessment