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real estate tax

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.02 sec.
real estate tax

See ad valorem tax.



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Yet, there is a major facet to such a purchase that many overlook: while the home may have been purchased fro $300,000, the real estate tax will be based on the home''s actual value.
CAIRO: Real estate tax collectors agreed to end their protests after the Ministry of Finance promised to negotiate their demands, Tarek Mustafa, treasurer of the Real Estate Tax Collectors' Independent Union, said.
The real estate tax for houses, cottages, parking garages, temporary metal constructions used for trade such as kiosks, shipment containers will be enacted since January 1, 2010.
 
 
 
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