property tax

glossary / 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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property tax

glossary / property tax, 财产税

property tax (1)财产税对纳税人在某一日期拥有的动产或不动产从价征收〔ad valorem〕的税种，通常由地方政府征收。 (→ad valorem) (2)〈英〉土地收入税根据1952年《所得税法》〔Income Tax Act〕对土地收入征收的所得税。1969年《财政法》〔Finance Act〕对之重新作出规定。

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