| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Property tax
Definition 1.
A tax levied on real property based on its use and its assessed value.
|
Definition 2.
Local tax assessed on property owned, such as real estate or automobiles. Usually federal income tax-deductible.
|
Definition 3.
A tax assessed on real estate by the local government. The tax is usually based on the value of property (including the land) you own.
|
|
|