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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 in addition to real estate.
📖 Definitions of "Property tax"
noun
- 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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