What are Real Estate taxes?

Real estate is the physical land and all that's affixed to it. The tax on it is an ad valorem (based on value) tax and that tax funds the government. Approximately 75% of the Town of Stoughton's budget (including schools) is funded through property tax.

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1. What are Real Estate taxes?
2. How are my Real Estate taxes calculated?
3. How do I pay a Real Estate bill?
4. How do I dispute my Real Estate taxes if I think the property value is too high?
5. What is Proposition 2 ½?