Eigendomsbutief

Eigendomsbutief, also known as property tax, is a form of taxation levied on the ownership of real property, such as land and buildings. The primary purpose of property tax is to generate revenue for local governments, which is then used to fund public services and infrastructure. The amount of property tax owed is typically determined by the assessed value of the property, which is established by local tax assessors.

Property tax is usually calculated as a percentage of the assessed value, with rates varying by jurisdiction. For example, a property assessed at $200,000 in a municipality with a property tax rate of 1% would owe $2,000 in property tax annually. Property tax is often paid in installments throughout the year, with the first payment typically due in January.

Property tax is considered a progressive tax, as higher-income individuals and families tend to own more valuable properties and thus pay more in property tax. This can lead to criticism that property tax disproportionately burdens wealthier residents. However, proponents argue that property tax is a fair and efficient way to fund local services, as it is based on the value of property rather than income.

Property tax is distinct from other forms of taxation, such as income tax or sales tax, as it is levied on the ownership of real property rather than income or consumption. This makes property tax a unique and important source of revenue for local governments.