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property tax

The correct spelling is property tax.

How to pronounce property tax

noun

Say it like: Pro-per-tee- ta-x

The correct spelling is property tax. A tax, usually ad valorem, 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 i…

Usage Examples

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Definition

noun

  1. 1.A tax, usually ad valorem, 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.

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