What are the local and state laws surrounding property taxes?

In Pennsylvania, property taxes are assessed and collected by local governments and the state government. Local governments assess and collect taxes on real estate owned within the municipality, while the State collects taxes on personal property such as automobiles. Pennsylvania State Law requires local taxing authorities to assess and collect property taxes on real estate located within the county at least once a year. Local taxing authorities determine the tax rate for each property based on the assessed value of the property and the amount of money needed to pay for services provided by local governments. When it comes to state taxes, motor vehicles are subject to an annual registration fee with the Pennsylvania Department of Transportation. The cost includes a base registration fee and additional costs based on the model year and make of the vehicle. The State also levies a tax on the transfer of real estate titles. In terms of exemptions, Pennsylvania law provides certain exemptions from property taxes, including exemptions for elderly, disabled, and veterans. Additionally, property tax relief programs are available to eligible homeowners in Pennsylvania. All in all, the local and state laws surrounding property taxes in Pennsylvania are complex, and it is important to understand the details of each law in order to ensure compliance.

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What are the local and state laws surrounding property taxes?

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