Property Taxes Explained | FrenlyGov

Property taxes are a significant source of revenue for local governments, funding essential public services such as education, infrastructure, and public safety. The tax is typically calculated as a percentage of the property's value, with rates varying widely depending on location. As noted by the [[national-association-of-realtors|National Association of Realtors]], property taxes can have a substantial impact on homeowners' budgets. For instance, a study by the [[urban-institute|Urban Institute]] found that property taxes account for approximately 30% of local government revenue in the United States.