Real-estate property taxes are a major source of revenue for local governments.

Name: Real-estate property taxes are a major source of revenue for local governments.
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Real-estate property taxes are a significant source of revenue for local governments, which use the funds to finance public services like schools, roads, emergency services, and more. Property tax assessments are based on the value of a property, and homeowners are required to pay taxes annually based on the assessed value.

Real-Estate Property Taxes Are a Major Source of Revenue for Local