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property tax

Noun

Meaning

a capital tax on property imposed by municipalities; based on the estimated value of the property

Source: WordNet

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Examples

A 100 per cent waiver of property tax for slum dwellers. Source: Internet

According to 2007 King County public records, the total assessed value of the property (land and house) is $125 million, and the annual property tax is $991,000. Source: Internet

A CFIB survey revealed that 84 per cent of the province’s entrepreneurs said recent municipal property tax hikes have negatively impacted their business. Source: Internet

Additionally, much of the increased revenue from wind industry property taxes was used to reduce the property tax burden on land in the same townships as the turbines themselves. Source: Internet

After the state electorate severely limited long-term property tax revenue by enacting Proposition 13 in 1978, UC was forced to make up for the resulting collapse in state financial support by imposing a variety of fees which were tuition in all but name. Source: Internet

A lawyer from the firm Marcus & Pollack, which handles Trump's property tax appeal filings with the city, said he was not authorized to discuss the documents. Source: Internet

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