property tax

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Definitions from WordNet

Noun property 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

Term: Property Tax

Description:

Property tax refers to a tax levied on the value of real estate or tangible personal property by the local government. It is usually calculated based on the assessed value of the property and is used to fund various public services and infrastructure.

Sample Sentences:

The property tax rates vary from one municipality to another.
I need to set aside a portion of my income to cover my annual property tax payment.
Property owners are required to pay property tax on the assessed value of their assets.
If you fail to pay your property tax on time, you may incur penalties and interest.

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Find useful resources related to property tax:

Property Tax Books
Property Tax Software
Property Tax Guides

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