Definition von property tax im Englisch Englisch wörterbuch
An (usually) ad valorem tax charged on the basis of the fair market value of property. The scope of taxable property varies by jurisdiction and it may include personal property in addition to real estate
The amount which the state and/or locality assesses as a tax on a piece of property
Tax paid on privately owned property Property taxes are usually paid semiannually, or monthly if the lender requires The amount is based on local tax rates and assessed property value
An annual or semi-annual tax paid to one or more governmental jurisdictions based on the amount of the property assessment Generally paid as part of the mortgage payment
Tax assessed against a property by local governments One of the four basic housing costs (PITI)
Property taxes are levied on both real and personal property according to the property's valuation and the tax rate
A tax, paid by a landowner, based on the government's estimate of the land's value
a tax levied on the value of property Some towns tax only the land, while others tax land and improvements
The primary source of revenue for local governments The property tax is a tax on the assessed value of property The tax rate times the assessed value owned by a taxpayer is what the taxpayer owes to the government; the tax rate times the total assessed value of the government is the total tax levy The state government also collects a very small part of the property tax, at a rate of one cent per $100 assessed value The property tax is administered on the state level by the State Board of Tax Commissioners, and on the local level by the county and township assessors, the county auditor and the county treasurer
The local tax on the value of real property, land, buildings and homes Major revenue source for funding local services such as schools, libraries, health services, public works and parks
A government levy based on the market value (as assessed by the county assessor's office) of the property
Taxes derived from all non-exempt real and personal property located within the county Property taxes are computed on the basis of multiplying the millage rate by the value of real or personal property divided by one thousand
Taxes due each year by various municipal bodies based on an assessed value of the property
A tax levied against the owner of real or personal property. Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on farm equipment, business equipment, and inventories as well as intangibles such as stocks and bonds. Property taxes are usually levied by local or state governments rather than national governments, and they are a major source of tax revenue. Property taxes existed in the ancient world first as land taxes and later as taxes on farmhouses, livestock, and so on. The administration of a property tax involves identifying the property to be taxed, assessing its value, determining the appropriate tax rate, and collecting the requisite sum of money. Though sometimes burdensome to the poor, property taxes generally tend to redistribute the benefits of wealth from higher to lower income groups, since they often pay for schools and other services used by low-income groups. See also capital-gains tax; consumption tax; income tax; progressive tax; regressive tax
A levy on the owners of real property It is the main source of revenue for local governments in some parts of the United States In Oklahoma, property taxes fund primarily schools and county governments