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Meaning of property tax

Source language: EnglishDictionary language: English

property tax

noun

Definitions

  1. A tax, usually ad valorem, charged on the basis of the fair market value of property. The scope of taxable property varies by jurisdiction and it may include personal property in addition to real estate.

Sources:https://en.wiktionary.org/wiki/property%20tax

Related words

land taxad valorem taxpersonal property taxreal property taxreal estate taxtax assessmentestate taxtax lot