property tax

(redirected from Mill levy)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.

property tax

n.
A tax levied against the owner of real or personal property.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
kiinteistöverovarallisuusvero
fastighetsskatt

property tax

nimposta patrimoniale
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
Per a 2001 intergovernmental agreement between PCMD and WCMD, WCMD agreed to impose a limited property tax mill levy of 50 mills, 97% of which (at least 48.5 mills) must be levied for debt service.
Westendorff said Gold King distracted officials from important county business, such as public education on the mill levy proposal for roads and bridges, which failed at the polls last November.
EveryLibrary worked with the New Orleans Public Library in May 2015 when it had an upcoming ballot measure for a $9.7 million mill levy. It needed to fund basic operating costs such as collections, staffers, and programs.
Another possible reason is that the property tax base may be smaller (larger), requiring a higher (lower) mill levy to raise the same amount of revenue.
The commission then lowered its request after getting funding from other sources, including a mill levy.
One of the key provisions of the reform was a statewide mandate that required all school districts to set their mill levy to 39 mills, which was a necessary element of the legislature's effort to shift the responsibility for K-12 funding away from local property taxes and toward state revenue sources and to cap the use of local property taxes in school district spending.
The "stable" outlook incorporates the district's good debt-service coverage due to consistent assessed valuation (AV) growth and ability to raise the mill levy, the rater added.
We hope to hold the mill levy steady or maybe cut some.
Though Commissioner Gwen Welshimer voted for the increase, she expressed an opposition to raising taxes, saying she will propose a decrease in the property tax mill levy equal to the increase in solid waste fees in the 2011 budget.
This paper provides a general explanation of the mill levy stabilization proposal but does not answer all related questions about school finance.
A mill levy tax increase has also given the district leeway to buy materials, such as termites for behavioral studies.