Things you'll need to know before filling out a property tax form

by Chris Molnar 02/19/2023

Property taxes have been used for years to fund public resources and institutions such as schools, parks, fire and police departments and more to improve the community. 


If you own a home, land, or business, you may be familiar with the forms needed to document your property tax information. However, knowing about exemptions and what exactly is being calculated can give you a better understanding of this tax information. 


What are personal property taxes? 

Local governments request tax forms containing information on the property you own, the land the property is on, equipments and information about any income being generated by the property if applicable and other movable structures under your name. 


Can I get a partial exemption for any reason?

Depending on your state, individuals meeting certain requirements may receive a partial tax exemption. 


This includes but isn’t limited to individuals with physical and mental disabilities. Individuals making under a certain amount of income yearly can also receive partial tax exemption from the state. The income amount is based off the previous year's tax information prior to turning in an application for exemption. 


Does property tax involve forms of personal property other than my home?

In addition to your home, the state also includes other items belonging to you under personal property. These items include: 

  • Campers
  • Farm equipment 
  • Boats
  • Business equipment such as furniture
  • Etc. 


Property taxes can be confusing and difficult, so if you need assistance filling out your property tax form, consider speaking with your local property tax office.



About the Author
Author

Chris Molnar

I believe that technology is important but it can never replace a Real Estate Professional. As a full time Realtor® I bring market expertise and negotiating skills to the table. Being a local homeowner and long time resident of San Mateo county I have first hand knowledge of local laws, neighborhoods and our schools.  

My business is about relationships and service and I am looking forward to serving your real estate needs with the highest level of quality.