Tax-Exempt Property

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Tax-Exempt Property

Real estate that is not subject to property tax. A tax-exempt property may be owned by a government or by a charity, especially a house of worship. See also: Waqf.
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References in periodicals archive ?
Altogether the exemptions, credits and tax exempt property represent $1.81 of the tax rate, less than half the cost of the current use discount.
Appendixes include: (1) Survey Forms; and (2) Dickinson Taxable and Tax Exempt Property. Individual chapters contain endnotes and bibliographies.