property tax

American  

noun

1. a tax levied on real or personal property.

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Etymology

Origin of property tax

First recorded in 1800–10

Example Sentences

The general funds budget of the city of Social Circle is about $8.3 million, but based on last year’s tax rates, it could lose $166,000 in property taxes due to the warehouse sale.

From The Wall Street Journal

The company says it will create jobs and generate $28.75 million in annual property tax revenue.

From Los Angeles Times

Their daughter’s mortgage payment could be $6,400 a month at current rates, or 25% of gross income — not including the property taxes that didn’t exist at these levels in 1982.

From MarketWatch

The Bears bought land in Arlington Heights in 2021 but await Illinois legislation for infrastructure and property tax guarantees.

From The Wall Street Journal

If not, he has warned that he would have to raise property tax rates in the city, a move that would affect a swath of New Yorkers, including blue-collar and middle-class homeowners.

From The Wall Street Journal