Property tax and its impact on real estate ownership

One of the most important taxes that homeowners in Germany have to pay is the land tax. This tax is a form of municipal tax and is levied by municipalities based on the value of properties.

Property tax has a significant impact on real estate ownership and the economy. Higher property tax leads to higher expenses for property owners and can reduce the value of their properties.

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Obama wrestles with economic challenges

Barack Obama’s presidency stands out for addressing numerous economic challenges. Despite his promise to spur U.S. economic growth, the post-recession recovery has proven long and fragile.

One of Obama’s main concerns was to reduce the growing income gap and create greater equality in society. To that end, he introduced, among other things, health care reform that would make it easier for many Americans to access care.

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