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.]

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词条贡献者

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。