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The answer explains the significance of taxes, assessments, and property titles in property ownership and local government revenue.
Taxes and assessments are always a first lien on property, meaning they have a legal claim to the property for non-payment. They are not part of title but are crucial obligations that must be fulfilled by property owners to avoid penalties or legal action.
Special assessments are taxes imposed on specific parcels of property for funding designated assets or services, such as sidewalks or street lighting. They are separate from general property taxes and serve specific purposes within a community.
Property taxes are crucial revenue sources for local governments, impacting property owners directly. The collection of property taxes is highly visible and can lead to legal limitations on tax increases to protect taxpayers.
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