property tax

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property tax

n.
A tax levied against the owner of real or personal property.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.property tax - a capital tax on property imposed by municipalitiesproperty tax - a capital tax on property imposed by municipalities; based on the estimated value of the property
capital levy - a tax on capital or property
council tax - a tax levied on households by local authorities; based on the estimated value of the property and the number of people living in it
Translations
kiinteistöverovarallisuusvero
fastighetsskatt

property tax

nimposta patrimoniale
References in periodicals archive ?
Vernon Hills has never imposed a municipal property tax and relies on sales taxes and other revenue to fund day-to-day operations.
The State Budget Law for 2018 introduced changes that will simplify the rules of Additional to the Municipal Property Tax, facilitating the exercise of tax options and reinforcing taxpayers' guarantees.
Like the original bill, the amendment proposed by Jonathan Giegerich, tax manager of Unitil, would transfer authority for appraising local utility property for municipal property tax purposes from the municipalities to the DRA.
Other incentives include a 10-year municipal property tax abatement that adds 10 percent of the full value annually after the first year and a $225,000 Community Development Block Grant for utility work and parking construction.
As of next year, property owners will only pay the municipal property tax.
However, some 20 per cent is still levied on foreign banks in Dubai, while a local municipal property tax of 5 per cent is charged on the rental value and another 10 per cent local tax on hotel services.
In profiling the composition of the municipal property tax base, as Sarasota County did in the previously mentioned study (the focus of "The Missing Metric," in this issue of Government Finance Review), the findings can be startling.
The municipal property tax base cannot support the level of investment that's needed and the demand exists right across Ontario.
Implementing Comprehensive Provincial and Municipal Property Tax Reform
The inherent structural nature of the municipal property tax system results in negative social and economic consequences, which include inequities in municipal tax burdens that may perpetuate social exclusion within metropolitan areas.

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