property tax

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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.

References in periodicals archive ?
Contract notice: Custody of the collection service, even coercive, municipal property tax / municipal tax of its own, the tax on services indivisible fee occupation of public, of the advertising tax and bill-posting.
As part of the program, municipalities will also be asked to provide full municipal property tax relief for all eligible businesses.
Contract notice: Assign services to support the activity of updating of the tax, to support the activities of evasion of assessment of municipal property tax (ici), only the municipal tax (imu), the fee for the disposal of municipal solid waste (ta.
Will schools be able to reduce their reliance on the property tax because they are receiving more money from the state, perhaps allowing the municipal property tax rate to increase to cover a portion of the municipal cuts in state funding?
On a $200,000 property, that would mean a $2,464 municipal property tax bill for a residence, but a $5,116 bill (on average) for a commercial property, and a bill of $8,264 (on average) for an industrial property.
The City of Hartford is requesting proposals from interested parties for the purchase of delinquent municipal property tax liens, pursuant to the provisions of Connecticut General Statutes Sections 12-195h and 7u-258.
prior delinquent municipal property tax liens listed on Exhibit A attached hereto (hereinafter referred to as the Delinquent Tax Liens ) pursuant to the provisions of the
Contract award: invitation to a public tender for the concession of the service assessment - validation, correction and deletion - and its ordinary and coercive collection of municipal property tax (ici)
Setting this interim limit will be a first step toward fairer taxation among all municipal property tax classes going forward and focuses on the most extreme occurrences.
Contract award: igc 4240502cf0 - concession of the service adjustments in assessment and assessment office, the municipal tax on advertising and bill-posting, municipal property tax, municipal solid waste fee, the fee occupation of premises and areas public, the fees for integrated water services, and the management of the preparatory activities aimed at collecting even coercive municipal tax revenue.

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