A tax on owned land and housing.
Found op http://www-personal.umich.edu/~alandear/glossary/p.html
a tax charged by local government and used to fund municipal services such as schools, police, or street maintenance. The amount of property tax is determined locally by a formula, usually based on a percent per $1,000 of assessed value of the property.
Found op http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying
A property tax (or millage tax) is 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. Multiple jurisd...
Found op http://en.wikipedia.org/wiki/Property_tax
It is a tax levied on the personal or real property on an annual basis as per the establishment of the value of tax by the assesors or municipal councils.
Found op http://www.legal-explanations.com/definitions/property-tax.htm
n. an annual governmental tax on real property or personal property based on a tax rate (so many dollars or cents per $100 value of the property). The value is usually established by an Assessor, a county official. In California the assessed value of real property is based on the amount of the last ...
Found op http://dictionary.law.com/Default.xhtml?selected=1647
Generally, tax levied on both real and personal property.
Found op http://www.pmel.org/RealEstate-Mortgage-Glossary.htm
Local tax assessed on property owned, such as real estate or automobiles.
Found op http://www.superglossary.com/Glossary/Business/Debt/
A tax levied on real property based on its use and its assessed value.
Found op http://www.superglossary.com/Glossary/Business/Finance/
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