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: 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.rsu) and tax and waste services (ta.res), as well as support service office duties.
The company told the state Public Utilities Commission in November that the fee, a "municipal property tax surcharge," would appear on phone bills.
With all five precincts reporting, unofficial results showed 951 voters in favor of a measure to create the village's first municipal property tax with 934 against.
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.
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?
With all five precincts reporting, unofficial results showed 583 voters in favor of a measure to create the village's first municipal property tax with 552 against.
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
Hoping to generate more money for flood relief and drainage improvement projects without imposing a municipal property tax, the Prospect Heights city council will again ask voters for home-rule status on the Nov.
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)
Vernon Hills does not levy a municipal property tax and has taken several actions in recent years to protect its vast retail base, including a quarter-percent home-rule sales tax, a pending 1 percent food and beverage tax, and several sales tax incentive packages for other projects.
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.
And the village collected $20 million in sales and other consumer taxes during the 2017 fiscal year, a big part of why Elk Grove now can claim to have the lowest municipal property tax in Northwest Cook County, he added.

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