What is a property tax assesment and why would financial aid need it?

Question

Anybody?

Answer 1

To qualify for financial aid, income and outgo are taken into consideration.   The tax assessment shows how much property tax is payed.  Also gives a picture of applicant's assets.

Answer 2

Property tax is assessed by the City or County Tax Assessor-Collector and is a tax based on the value of your real estate and other taxable property.  There can be a property tax on your home, your car, your jewelry and on intangible assets, but many jurisdictions do not tax cars, jewelry or farm animals.  

Pre-civil war tax assessments included taxes on the value of your  slaves which were considered taxable property.