Taxation is the right of a government to levy taxes against real property.
|•||Property taxes are usually ad valorem taxes. Ad valorem means "according to value".|
|•||Special assessments are taxes on a certain group of properties.|
Example: A subdivision may ask the county to install street lights. The county may agree provided that the residents of the subdivision pay a special assessment of $10 per month per house. The extra $10 is a special assessment.
If taxes are not paid, the government may acquire the property through proper legal means or put a lien against the property or both.