After purchasing his first property, Bert will have to pay real estate taxes to county and local government.
If one owns a home, they are likely familiar with real estate taxes. It can even be called property taxes. Real estate taxes are annual taxes which a homeowner must pay on the assessed value of their house. Thus, the amount of real estate taxes you pay will depend on how much your home is valued as well as the part of the country you live in.
Local governments determine tax rates of one's property. Thus, once an owner owns a property in any city or country, the owner of a real estate property will have to pay taxes to the county and local government.
Hence, Bert will have to pay real estate taxes to county and local government after purchasing a property.
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