The most authoritative answer in 2024
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Carter Wilson——Works at the International Centre for Settlement of Investment Disputes, Lives in Washington, D.C., USA.
Your
property taxes are based in part on the assessed value of your
property. ... Another reason your
property tax may change is due to an
increase or decrease in the millage rates. These rates are determined by the needs of the county and/or city general funds or others who receive funding from
property taxes.
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