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.
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Property tax - A tax levied on land and buildings (real estate) and on personal property.
Proprietor - Owner; person who has legal right or title to anything.
Property Tax
Generally, tax levied on both real and personal property.
Prorate
To divide in proportionate shares, such as taxes, insurance, rent, or other items.
property tax deduction the U.S. tax code allows homeowners to deduct the amount they have paid in property taxes from there total income.
property tax
n. an annual governmental tax on real property or personal property based on a tax rate.
propria persona
adj. from Latin, for oneself.
of county records for the property's title history by a title company, an abstractor, attorney or escrow officer to determine the "chain of title" and the current status of title, including owner, legal description, easements, property taxes due, ...
A QTIP trust allows the surviving spouse to make use of the trust property tax-free.
Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.
365000 New York City co-op and condo owners could see their property tax bills jump," the Independent Budget Office said in a report. The report by Ana Champeny, an IBO analyst, said that the current law excessively rewards co-op and condo owners.
Refers to the tenant's pro rated share of operating expenses like property taxes and insurance, paid in addition to the base rent.
Percentage Lease
A lease whose rental is based on a percentage of monthly or annual gross sales made on the premise.
2d 16 (1993), upheld the use of local property tax systems to support public schools, against the claim that such systems violate the Fourteenth Amendment equal protection rights of children in impoverished areas.
A tax that is calculated according to value of property, based on an assigned valuation of a piece of real estate or personal property. Local property tax and sales tax are common examples.
These typically include lender's fees and points or prepaid interest, a prorated share of the property taxes, transfer taxes, credit check fees, homeowners' and title insurance premiums, deed filing fees, real estate agent commissions, ...
c : a unit charge or ratio used in assessing property taxes
3 a : a quantity, amount, or degree of something measured per unit of something else
b : an amount of payment or charge based on another amount
specif ...
The date on which parties agree that certain financial adjustments will be made to a contract. For example, on the sale of property, there is an adjustment date set which is the time for the costs, such as property taxes, water, etc.
 See also: Property, Law, State, Right, Person
  
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