property tax

But most voters apparently understood that Proposition 5 would lead to passage of more local bonds — and that would bump up their property taxes to pay off the borrowing.

However, a large share of government spending in the US, including almost all school spending, is done at a state rather than a federal level, and states are funded by local sales and property taxes.

Tenants in privately owned office buildings also commonly pay a share of the landlord’s property taxes.

Many borrowers choose to include property taxes and home insurance rolled into their monthly payment.

Firms in these areas also pay lower national insurance on new employees, and lower property taxes.