property tax
property tax n: a tax levied on real or personal property (as by a municipality) compare excise, income tax

Merriam-Webster’s Dictionary of Law. . 1996.

property tax
n.
A tax levied by the government on the value of property owned by taxpayers.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


property tax
A tax on the value of property (usually real estate, but sometimes personal property as well) levied by a local government. The property's value is usually established by a public assessor. Local government entities may also impose special taxes for particular public property improvements such as sidewalks, tree planting, or storm drains that benefit property owners. (See also: ad valorem tax, millage)
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.


property tax
A tax levied on land and buildings (real estate) and on personal property.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

property tax
n.
   an annual governmental tax on real property or personal property based on a tax rate (so many dollars or cents per $100 value of the property). The value is usually established by an Assessor, a county official. In California the assessed value of real property is based on the amount of the last sale of the property, and the tax is limited to 1% of that figure (with a few minor exceptions) under the so-called "Proposition 13" state constitutional provision. In addition, there are special assessments for particular public property improvements such as sidewalks, tree planting, or storm drains which are charged to each property owner on the street in which the improvements are made.
   See also: ad valorem, tax

Law dictionary. . 2013.

Look at other dictionaries:

  • property tax — property ,tax noun count a tax you pay based on the value of the land and buildings you own …   Usage of the words and phrases in modern English

  • Property tax — (engl.), Einkommensteuer …   Meyers Großes Konversations-Lexikon

  • Property tax — Taxation An aspect of fiscal policy …   Wikipedia

  • property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… …   Universalium

  • property tax — noun a capital tax on property imposed by municipalities; based on the estimated value of the property • Syn: ↑land tax • Hypernyms: ↑capital levy • Hyponyms: ↑council tax * * * a tax levied on real or personal property. [1800 10] * * * …   Useful english dictionary

  • property tax — A tax levied on real property based on its use and its assessed value . Bloomberg Financial Dictionary * * * property tax property tax ➔ tax1 * * * property tax UK US noun [C or U] TAX, PROPERTY ► a tax on buildings or land that is based on its… …   Financial and business terms

  • property tax — noun An (usually) ad valorem tax 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. Syn: personal property tax, rates,… …   Wiktionary

  • property tax — UK / US noun [countable] Word forms property tax : singular property tax plural property taxes a tax that you pay based on the value of the land and buildings you own …   English dictionary

  • property tax — tax that is collected on real estate and personal property …   English contemporary dictionary

  • property tax — A tax on the ownership of property, without reference to the particular name by which the tax is designated. 51 Am J1st Tax § 29. A tax assessed on all property or on all property of a certain class located within a certain class located within a …   Ballentine's law dictionary

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