« Back to Glossary Index« Back to Glossary Index
Tags: taxation
Categories: Economics & Finance
A levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county/region, or a municipality.
(source: http://en.wikipedia.org/wiki/Property_tax)
Synonyms:
millage tax
