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How does a change in property use impact property taxes?

Curious about Property Taxes

How does a change in property use impact property taxes?

A change in property use can impact property taxes as the property may be reclassified and subject to a different tax rate. For example, if a residential property is converted into a commercial property, it may be subject to a higher tax rate. Similarly, if a property is used for a taxexempt purpose, such as a religious or educational institution, it may not be subject to property taxes. However, if the property is sold or the use changes, it may become subject to property taxes. It is important to check with the local tax assessor's office to determine how changes in property use may impact property taxes.

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