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property tax
(redirected from Tax levy)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Property tax
A tax levied on real property based on its use and its assessed value.

Property Tax
A tax on the value of land or improvements (i.e. buildings). Occasionally, property taxes are levied on personal property, such as automobiles or securities, as well. All property taxes are calculated as a percentage of the value of the property. In the United States, most property taxes are levied at the city or county levels, and are used for municipal improvements, such as roads or snow removal. Municipalities can issue bonds that are secured by the proceeds on property taxes.

property tax

property tax

See ad valorem tax.



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The county treasurer reports that the tax levy in Clark County has not decreased since the 1993-94 fiscal year.
The Assembly has not acted on a tax levy cap, instead passing a ‘circuit breaker' that reduces property taxes based on income but does not cap their overall growth.
The Siuslaw School District's five-year tax levy ended up losing with 4,057 no votes to 3,562 yes votes.
 
 
 
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