household tax
Home ownership charge
A household tax is a levy imposed on each dwelling or residential unit rather than on income, property value, or individual persons.
Unlike property taxes calculated from assessed worth, household taxes charge a flat or tiered amount per household: The council introduced a household tax to fund local services.
Such taxes are sometimes controversial because they fall equally on rich and poor households.
- propertySomething owned or inherent
- real estateLand and its structures
- levyCompulsory government charge
- assessmentFormal evaluation of worth
- fair market valueObjective exchange price
council · rates · municipal · local government · homeowner · home ownership · dwelling · residence · bill · payment · annual payment · annual · valuation · exemption · deduction · burden · collector · revenue
household taxincome tax
Government charge on earnings
corporate tax · business tax · sales tax · consumption tax · value-added tax
household, house, hold, tax, houses, housed, housing, holds, holding