land tax

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Definitions from WordNet

Noun land tax has 1 sense

property tax, land tax - a capital tax on property imposed by municipalities; based on the estimated value of the property
--₁ is a kind of capital levy
--₁ has particulars: council tax

Definitions from the Web

land tax

Definition:

Land tax refers to a tax imposed on the value of land or real estate owned by an individual, corporation, or government entity.

Senses:

Sense 1:

A tax levied on the value of land or real estate.

Example Usage:

The government has increased the land tax on residential properties.

Sense 2:

A local tax imposed by certain jurisdictions on the value of land or properties within its boundaries.

Example Usage:

The city council plans to introduce a new land tax to fund public infrastructure projects.

Possible Related Products:

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