What are the various types of property taxes?

Property taxes in California are based off of a variety of property types, each with its own unique set of taxes. Generally, property taxes are divided into two types: ad valorem taxes and special district taxes. Ad valorem taxes are taxes levied on the property’s assessed value. These are based on the market value of the property, which is set by the county assessor. Ad valorem taxes are used to fund school districts, county governments, and other public services. Special district taxes are taxes that are used to fund specific public services such as firefighting, street lights, libraries, and parks. Special district taxes are determined by the applicable special district and are usually associated with a particular type of property, such as a commercial building or residential property. In addition to ad valorem taxes and special district taxes, there are other types of property taxes as well. For example, California also has a school parcel tax, which is levied on residential and commercial properties. This tax is used to support education services in the county. Other taxes, such as a supplemental assessment or a special tax, may also be levied in special circumstances. It’s important to note that property taxes are just one of the ways that local governments levy taxes on property owners in California. Other taxes, such as income taxes, sales taxes, and other fees, also play a part in the overall tax burden for property owners in the state.

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What are the various types of property taxes?

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