property tax

A tax on the ownership of property, without reference to the particular name by which the tax is designated. 51 Am J1st Tax § 29. A tax assessed on all property or on all property of a certain class located within a certain class located within a certain territory on a specified date in proportion to its value, or in accordance with some other reasonable method of apportionment, the obligation to pay which is absolute and is not based upon any voluntary action of the person assessed. 51 Am J1st Tax § 29. A tax on things tangible or intangible, as distinguished from a tax on a right to use or transfer things, or on the proceeds of a business in which the use of things is essential. Anno: 103 ALR 20. Property taxes are not personal debts; they are enforced contributions to the state or taxing unit and unless otherwise provided are collectible only from the property assessed. Maricopa County v Trustees of Arizona Lodge, 52 Ariz 329, 80 P2d 956.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • property tax — n: a tax levied on real or personal property (as by a municipality) compare excise, income tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • property tax — property ,tax noun count a tax you pay based on the value of the land and buildings you own …   Usage of the words and phrases in modern English

  • Property tax — (engl.), Einkommensteuer …   Meyers Großes Konversations-Lexikon

  • property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… …   Universalium

  • Property tax — Taxation An aspect of fiscal policy …   Wikipedia

  • property tax — noun a capital tax on property imposed by municipalities; based on the estimated value of the property • Syn: ↑land tax • Hypernyms: ↑capital levy • Hyponyms: ↑council tax * * * a tax levied on real or personal property. [1800 10] * * * …   Useful english dictionary

  • property tax — A tax levied on real property based on its use and its assessed value . Bloomberg Financial Dictionary * * * property tax property tax ➔ tax1 * * * property tax UK US noun [C or U] TAX, PROPERTY ► a tax on buildings or land that is based on its… …   Financial and business terms

  • property tax — noun An (usually) ad valorem tax charged on the basis of the fair market value of property. The scope of taxable property varies by jurisdiction and it may include personal property in addition to real estate. Syn: personal property tax, rates,… …   Wiktionary

  • property tax — UK / US noun [countable] Word forms property tax : singular property tax plural property taxes a tax that you pay based on the value of the land and buildings you own …   English dictionary

  • property tax — tax that is collected on real estate and personal property …   English contemporary dictionary

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