Understanding Property Taxes in the US

Property taxes are only levied in some counties in the US?

Property taxes finance the local school district and infrastructure projects?

Property taxes mean that you don't truly own your own house?

Property taxes have always been high enough to become an issue for homeowners?

Income from retirement and some academic scholarships is tax exempt. (True/False)?

Tax exempt income is included as part of a filer's taxable income. (True/False)?

Paying property taxes is akin to buying an asset.

Liabilities hold no value and are not worth paying for.

Property taxes can increase unpredictably, posing financial risk to homeowners.

Potential buyers are willing to pay for a property with increasing property taxes.