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Definition of property tax - 5 dictionary results

property tax

–noun
a tax levied on real or personal property.

Origin:
1800–10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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property tax  
n.  A tax levied against the owner of real or personal property.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Property Tax

A tax assessed on real estate by the local government. The tax is usually based on the value of property (including the land) you own.

Investopedia Commentary

This tax is mainly used by municipalities for repairing roads, building schools, and snow removal or other similar services.

Related Links

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See also: Income Tax, Land, Land Value, Local Tax, Personal Property, Property

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

property tax

See ad valorem tax.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: property tax
Function: noun
: a tax levied on real or personal property (as by a municipality) —compare EXCISE, INCOME TAX
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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