Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun A tax levied against the owner of real or personal property.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun An (usually) ad valorem tax charged on the basis of the fair market value of property. The scope of taxable property varies by jurisdiction and it may include personal property in addition to real estate.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a capital tax on property imposed by municipalities; based on the estimated value of the property

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