- property tax
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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. Merriam-Webster. 1996.
- property tax
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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. Amy Hackney Blackwell. 2008.
- property tax
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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. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- property tax
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A tax levied on land and buildings (real estate) and on personal property.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- property tax
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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.
Law dictionary. EdwART. 2013.
