If I own a business in a certain school district and the property owners in that area decide to pass a school referendum to increase property taxes, what does that mean for me? Do I have to pay the same increase or do they tax me more? If different, how else can they get me?
Answer:
It obviously depends on the tax area, but in general businesses pay the same property tax >rate< as homeowners. The big question usually is what value do they assign to your business. In other words, if your busuiness property is valued at $100,000 you would pay the same property tax amount as the owner of a home valued at $100,000 .
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