Who determines the amount of property tax a homeowner must pay?

The amount of property tax a homeowner must pay is primarily determined by local government authorities, such as county or municipal tax assessors. They assess the value of the property, often based on its market value and local real estate trends. Additionally, local governing bodies, such as city councils or school boards, set the tax rate based on budgetary needs and public services. This combination of assessed property value and tax rate ultimately dictates the homeowner's tax liability.