property tax

A tax levied on the owner of property (esp. real property), usu. based on the property’s value.

• Local governments often impose property taxes to finance school districts, municipal projects, and the like.

— Also termed (specif.) land tax. Cf. income tax; EXCISE. [Cases: Taxation 57–111. C.J.S. Taxation §§ 4, 79–168, 283, 1671–1672, 1674, 1681–1692.]


专业法律词汇 词条贡献者
法律翻译亚明,毕业于欧洲顶尖的高级翻译学院,专注翻译各类与汽车与运输有关的法律文件。
Scroll to Top