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property tax
(redirected from millage)

    Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.06 sec.
Property Tax
A tax assessed on real estate by the local government. The tax is usually based on the value of property (including the land) you own.

Notes:
This tax is mainly used by municipalities for repairing roads, building schools, and snow removal or other similar services.

Property tax
A tax levied on real property based on its use and its assessed value.
property tax
See ad valorem tax.
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