Investopedia

Property Tax

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Dictionary Says

Definition of 'Property Tax'

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

Investopedia explains 'Property Tax'

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

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  10. A Concise History Of Changes In U.S. Tax Law

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