1. What are property taxes?
A major share of all financial support for local school districts is raised by taxing property located within the district. A property tax takes two forms:
The general property tax is levied upon land and buildings located within the school district. It is essentially a real estate or real property tax that every owner of private and business property, including public utilities, must pay. Real estate is assessed at 35% of market value. For example, a $100,000 home value would be assessed at $35,000 for tax purposes.