property taxes

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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 Taxes

Description:

Property taxes are mandatory payments made by property owners to the government. It is a form of tax imposed on the value of real estate or personal property owned.

Senses:

Noun sense 1: Taxes levied on real estate or personal property owned.
Noun sense 2: The total amount paid in taxes on a property.

Usages:

Homeowners in many countries are responsible for paying property taxes on their houses.
The property taxes for the commercial building increased by 10% this year.
The government uses property taxes to fund public services like schools and roads.
Understanding how to calculate property taxes is essential for property owners.

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