The amount of property tax payable is usually an estimated liability for a portion of the year.

Name: The amount of property tax payable is usually an estimated liability for a portion of the year.
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Property tax is typically due annually, but it is often paid in installments throughout the year. As such, the amount of property tax payable at any given time is usually an estimate of the total liability for the year, based on the property's assessed value and the applicable tax rate.

The Amount of Property Tax Payable Is Usually an Estimated