Definition of 'Property Tax': A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.
Now here is one thing that I would like clarity on. Why are we paying property tax?
I buy a plot, at great cost to myself. Then I build a house on the plot, at great cost to myself. Then I maintain the plot and the house, at great cost to myself.
There are no services provided by my local municipality toward the maintenance of my property.
The services provided by the local municipality, electricity, water, sanitation, waste removal, I pay diligently every month, at great cost.
Why do I have to pay Property Tax?
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