Interesting Facts about Property Tax and Its Various Types Property tax which is also called as millage tax, is defined as a levy on the value of the property owned by an individual or group of individuals. The other definition of property tax is a tax that is being assessed on a real estate property and is mostly, based on the property’s value and the land where the property is located. The ones who have the responsibility to levy or impose the tax on a property is the governing authority of the jurisdiction where the property is situated, and that include a municipality, a national government, a country or geographical region, or the federated state. The aim of each government to impose taxes is to raise or increase the revenue of their state which may result to their ability to fund any infrastructures that can be very beneficial to the economy of the local state, and municipalities are using the taxes for snow removal, construction of schools, road repair and any other similar services. The four primary types of property taxes are personal property or movable man-made objects, intangible property, land, and improvements to land or any man-made objects that are immovable, while the realty or real estate property, are a combination of both the land and the improvement of the land. The forms of property tax may vary in the local jurisdiction and class, may come in different rates or percentage, or may be classified based on its similar usage, and the examples of the different classes are vacant, commercial, industrial and residential real property. The individuals who aims to learn more about property taxes are advised to hire the services of a property tax consultant in their local area, who specializes and have the basic knowledge in such scope. The various services offered by property tax consultants include representing their client through the process of achieving any reduction to their taxes, managing their own property taxes, and providing them assistance in identifying opportunities for appeal. The benefits and advantages that can be obtained by the people who have hired the services of a property tax consultant include the ability to understand how both the local valuation methods and the state law can influence the assessed value, the ability to understand the tax assessments cycle, the ability to recognize the requirements and deadlines in reporting their property, the ability to recognize if the property is assessed in a favorable manner, the ability to identify all opportunities for the reduction of their taxes, and the ability to analyze the assessment level of the property. The individuals who plans to hire the services of the best property tax consultant in their local area can definitely find the best one from the word of mouth of the former clients of that specific consultant, through the recommendations of colleagues, or through the use of the internet.