Property Tax

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

Terms Related Links

Ad Valorem Tax
Fair Market Value
Income Tax
Land
Land Value
Local Tax
Millage Rate
Personal Property
Property
Property Tax Deduction

Terms Related Links
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