property tax

noun

1. a tax levied on real or personal property.

Word History and Origins

Origin of property tax¹

First recorded in 1800–10

Example Sentences

U.K. home sales fell over the four weeks ended Nov. 23 as buyers stayed away over fears of higher property taxes in the budget, according to a report by real-estate agency Zoopla.

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There’s also a new property tax on homes worth more than £2 million.

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He aims to beat the chains on price, he has said, by allowing stores to operate free of rent and property taxes at city-owned sites.

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Homeownership costs vary widely based on location, property tax, HOA fees, maintenance, insurance, and the prevailing interest rates, which are still too high for many would-be buyers.

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On top of surging homeowners-insurance premiums, property taxes are also pushing up people’s costs and putting pressure on their ability to cover basic expenses.

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