What is the calendar year for municipal taxes?

The calendar year for municipal taxes is defined from January to December. This timeframe aligns with the fiscal year for many governmental entities, making it easier for municipalities to plan, budget, and assess property taxes based on a consistent annual period. Since property assessments, tax rates, and collections follow this schedule, it enables efficient management of local finances throughout the year.

Other timeframes like February to January, June to May, or April to March do not correspond to the standard tax year recognized by municipal authorities, and using these periods would complicate fiscal management for local governments and property owners alike. The January to December cycle is not only standard practice but it also aligns with calendar norms, keeping the process straightforward for both municipalities and taxpayers.