Real Property Taxation

City and County Property TaxesPrimary Source of Revenue Property taxes, also known as ad valorem taxes (Latin for "according to value"), are the financial backbone of local governments. They provide the primary funding for essential local services such as police and fire departments, public schools, parks, and libraries. Unlike sales tax or income tax which are collected by the state or federal government, property taxes stay local.The property tax timeline is strict. By January 1st of each year, the property is assessed. The tax bill is generally sent out in November. If paid in November, the owner typically gets a 4% discount; 3% in December, 2% in January, and 1% in February. The full amount is due by March 31st. By April 1st, taxes are considered delinquent.