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Refinance and Mortgage Encyclopedia - property tax

Property Tax

A taxEnforced charge exacted of persons, corporations and organizations by the government to be used to support charged by localAn individual with exchange trading privileges who trades for his own account, traditionally on an exchange government and used to fund municipal services such as schools, police, or street maintenance. The amount of propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. tax is determined locally by a formula, usually based on a percent per $1,000 of assessed valueTypically the value placed on property for the purpose of taxation. of the property.

Property tax

A taxEnforced charge exacted of persons, corporations and organizations by the government to be used to support levied on privately owned real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc.. The amount of the tax is dependentThose family members who meet the specific eligibility criteria for coverage in the CalPERS Health Program. on the valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean of the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. Also known as "real estate taxSame or similar to "property tax." See also "property tax."."

property tax

The amount which the state and/or locality assesses as a taxEnforced charge exacted of persons, corporations and organizations by the government to be used to support on a piece of propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself..
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