property tax
Real estate assessment
A property tax is a government levy based on the value of real estate or other property.
Local governments rely heavily on property taxes to fund schools, roads, and public services.
Homeowners pay annually or through mortgage escrow: Our property taxes went up after the reassessment.
Also called real estate tax.
Wrapped item for shipping
- land valueWhat real estate costs
- improvementPositive change in quality
- cadastralOf property boundaries
- zoningSectioning areas by use
lot · acreage · vacant land · land tax
Compulsory government charge
- dueOwed or expected
- payableDue for settlement
- delinquencyCriminal or neglectful behavior
- lienClaim securing debt
arrears · penalty · billing · tax bill · payment deadline · installment · collection · enforcement
Estimation of worth
- valuationAssessment of monetary worth
- assessed valueTaxable worth determination
- market valueCurrent trading price
- fair market valueObjective exchange price
tax base · reassessment · comparable sales · equalization · undervaluation · overvaluation · appeal hearing · tax assessor
Property title holder
- landlordProperty owner renting out
- taxpayerOne who owes government duties
- ratepayerOne who pays utility charges
- deedWritten property conveyance
title · equity · freehold · leasehold · primary residence · second home · owner-occupied · absentee owner
Release from requirement
- abatementDecrease in force
- tax reliefReduction in owed levies
- tax freezeHalt on rate increases
- tax creditDirect reduction of liability
incentive · enterprise zone · deferral · circuit breaker · means-tested · progressive · regressive · reform
Of city government
- countyLocal administrative division
- school districtGeographic education administrative unit
- local governmentRegional civic administration
- municipalityLocal governing district
city · township · tax collector · council tax · rates · jurisdiction · district boundaries · annexation
parcel
Wrapped item for shipping
- land valueWhat real estate costs
- improvementPositive change in quality
- cadastralOf property boundaries
zoning · lot · acreage · vacant land · land tax
levy
Compulsory government charge
- dueOwed or expected
- payableDue for settlement
- delinquencyCriminal or neglectful behavior
lien · arrears · penalty · billing · tax bill · payment deadline · installment · collection · enforcement · foreclosure
appraisal
Estimation of worth
- valuationAssessment of monetary worth
- assessed valueTaxable worth determination
- market valueCurrent trading price
fair market value · tax base · reassessment · comparable sales · equalization · undervaluation · overvaluation · appeal hearing · tax assessor · revaluation
homeowner
Property title holder
- landlordProperty owner renting out
- taxpayerOne who owes government duties
- ratepayerOne who pays utility charges
deed · title · equity · freehold · leasehold · primary residence · second home · owner-occupied · absentee owner · transfer tax
exemption
Release from requirement
- abatementDecrease in force
- tax reliefReduction in owed levies
- tax freezeHalt on rate increases
tax credit · incentive · enterprise zone · deferral · circuit breaker · means-tested · progressive · regressive · reform · budget
municipal
Of city government
- countyLocal administrative division
- school districtGeographic education administrative unit
- local governmentRegional civic administration
municipality · city · township · tax collector · council tax · rates · jurisdiction · district boundaries · annexation · incorporation
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- government revenuetax revenue, sales tax, income tax, excise tax, estate tax
- municipal revenuelocal taxes, sales tax, land tax, tax levies, user fees
- property taxestax rate, council tax, tax bill, tax rates, rates
- tax officetax forms, auditors, tax records, income tax, refund processing
- local taxescity tax, county tax, municipal tax, school tax, tax levy
property taxincome tax
Government charge on earnings
personal income tax · wage tax · payroll tax · sales tax · consumption tax
property taxfederal income tax
Levy on earnings nationwide
national tax · federal tax · customs duty · tariff · import tax
property taxuser fee
Payment for access
toll · license fee · service charge · donation · government bond
property, properties, proprietary, propertied, property taxes