property tax- a capital tax on property imposed by municipalities; based on the estimated value of the property land tax capital levy- a tax on capital or property council tax- a tax levied on households by local authorities; based on the estimated value of the property and the number of ...
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Property Tax A tax on thevalueoflandorimprovements(i.e. buildings). Occasionally, property taxes are levied onpersonal property, such as automobiles orsecurities, as well. All property taxes are calculated as a percentage of the value of the property. In the United States, most property taxes ...