The Tax Rate Area in which the property is located. Special districts, such as schools, cities, and water districts are collecting money for voter approved bonds and special assessments. Because not all of the bond rates are the same, you pay taxes according to which bonds were approved in the area where the property is located. I hope this information helps!!
If you need help identifying which Tax Rate Code a particular property is in, you can email me at firstname.lastname@example.org or call me at 505-440-2990.