Property Tax
A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own. Investopedia Says:
This tax is mainly used by municipalities for repairing roads, building schools and snow removal, or other similar services. Related Terms:
Ad Valorem Tax
Fair Market Value
Income Tax
Land
Land Value
Local Tax
Millage Rate
Personal Property
Property
Property Tax Deduction |