real property tax
Realty ownership charge
A real property tax is a tax levied on land and permanent structures—houses, buildings, and other improvements attached to the ground.
Also called property tax or real estate tax.
Local governments use real property taxes as a primary revenue source, typically calculating them as a percentage of assessed value: Our real property tax went up after the reassessment.
- local governmentRegional civic administration
- mortgagesLoans secured by property
- fair market valueObjective exchange price
- escrow accountNeutral fund holding
- municipalityLocal governing district
appraisal · special assessment · assessment · assessed value · escrow · foreclosure auction · interest · lien · zoning regulations · urban planning · lien
real property taxincome tax
Government charge on earnings
sales tax · payroll tax · capital gains tax · consumption tax · estate tax
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