'Tis the Season for Property Taxes
'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes. While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential. Arrowhead Title, Inc. is here to help you understand your property taxes and what happens if you fail to pay them. What Is Personal Property Tax? Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses, land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include: Local road districts The local library The State The County The local fire district The local schools Local senior citizens What Happens If I Don't Pay My Personal Property Tax? Tax paymen...