Real property taxes are levied by which of the following?

Real property taxes are levied by local municipalities. This means that it is typically city or town governments that assess property values and determine the tax rates based on budgetary needs and local services like schools, infrastructure, and public safety. The process involves local assessors who evaluate properties within their jurisdiction to ensure that taxes are fairly and accurately assessed.

While the federal government and state can influence property taxes through laws and regulations, the responsibility for levying and collecting these taxes primarily falls on local governments. This decentralized approach allows for tailored tax structures that address the specific needs and circumstances of local communities, making it critical to understand the role of local municipalities in real property taxation.