How are property taxes different in different states?

In the United States, property tax laws vary from state to state. For example, in South Dakota, a local government entity, such as a county or township, is responsible for assessing and collecting property taxes. The amount of taxes levied on a property depends on factors such as the type of property, its assessed value, and whether it is subject to any exemptions. In other states, such as California, state or local governments collect property taxes for a wide variety of purposes, such as providing funding for schools, infrastructure, and other services. In California, property taxes are generally based on the assessed value of the property, and the tax rate is set by the state. In addition to differences in how property taxes are assessed and collected, states may also differ in the exemptions available on property taxes. Some states, such as South Dakota, provide exemptions for certain types of property, such as primary residences, while other states offer no exemptions at all. Finally, while all states impose some form of property tax, the rates can vary widely among states. Overall, property taxes tend to be higher in states with higher property values, such as California. In South Dakota, the average property tax rate is 1.95%, while in California, the average property tax rate is 0.93%.

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