property tax Synonyms
property tax Meaning
property tax (n)
a capital tax on property imposed by municipalities; based on the estimated value of the property
property tax Sentence Examples
- Property tax rates vary depending on the assessed value of the real estate.
- The local government relies on property tax revenue to fund public services such as schools and infrastructure.
- Homeowners are responsible for paying property tax to the municipal government each year.
- Property tax assessments are conducted periodically to determine the current value of properties.
- Failure to pay property tax can result in penalties and even the forced sale of the property.
- Property tax exemptions may be available for certain individuals, such as senior citizens or veterans.
- The city council debated whether to raise property tax rates to cover budget shortfalls.
- Property tax assessments take into account factors such as location, size, and condition of the property.
- Property tax bills are sent out annually, typically due in installments throughout the year.
- The county assessor's office handles the assessment and collection of property tax for all properties within its jurisdiction.
FAQs About the word property tax
a capital tax on property imposed by municipalities; based on the estimated value of the property
tax, sin tax, value-added tax, single tax, withholding tax, tariff, sales tax,income tax, poll tax, hidden tax
No antonyms found.
Property tax rates vary depending on the assessed value of the real estate.
The local government relies on property tax revenue to fund public services such as schools and infrastructure.
Homeowners are responsible for paying property tax to the municipal government each year.
Property tax assessments are conducted periodically to determine the current value of properties.
