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property tax
(redirected from Municipal Property Tax)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
property tax
n.
A tax levied against the owner of real or personal property.
ThesaurusLegend:  Synonyms Related Words Antonyms
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
property tax nimposta patrimoniale


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Several viable options, adopted and presented by PLCM, would provide local governments with help addressing the pressing need for new revenue sources: The County and Municipal Property Tax Relief Act - House Bill 1858 awaits the conclusion of Second Consideration in the House.
Will schools be able to reduce their reliance on the property tax because they are receiving more money from the state, perhaps allowing the municipal property tax rate to increase to cover a portion of the municipal cuts in state funding?
As an example, a $12-million hotel development would require $418,000 in municipal property tax.
 
 
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