Property tax


 

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Property tax

A tax charged on real property and assessed according to whether it is used for residential, commercial or industrial purposes. In the UK a form of property tax is the council tax.

Property tax

A tax levied on real property based on its use and its assessed value.



Property tax

Similar Matches

Income from property

Income from property

Income received from property letting is subject to income tax. The amount taxable is the amount receivable in the tax year. If an owner occupier or tenant rents out a room he may receive up to a certain annual income without incurring a tax liability.


Property rights

Property rights

Rights of individuals and companies to own and use property as they see fit and to receive the stream of income that their property generates.


Property inventory

Property inventory

A list of personal property with corresponding values and initial costs often used to substantiate insurance claim and tax losses.


Distressed property

Distressed property

Property that is in poor physical or financial condition.


Property Management

Property Management

The branch of the real estate business dealing with the management of property. The property may be a rented house or a large office or industrial complex. The duties may range from merely collecting rents to complete management of all maintenance and may also include being leasing agent or sales agent.


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