Recent Examples on the WebThe State Budget Committee’s approval means the RDA can begin collecting the property tax and county income tax revenue from new developments in those districts and use it to pay for new infrastructure and other developments in those districts. Tim Zorn, Chicago Tribune, 5 Sep. 2022 Funding could come from an increase in the deeds excise tax, or a property tax for all significant properties within a particular waterfront area, much like how business improvement districts work today. Globe Staff, BostonGlobe.com, 27 June 2022 Local county and municipality revenues came from $14.2 million sales tax and about $12.3 million property tax. Paul Gattis | Pgattis@al.com, al, 7 June 2022 The bulk of the city’s operating revenue comes from sales and property tax. Joe Tash, San Diego Union-Tribune, 13 May 2022 Assuming a buyer put down 20% to buy a $1-million house, the monthly mortgage payment — including property tax and insurance — would be $4,840 if the interest rate was 3.55%, the average at the beginning of February. Andrew Khouri, Los Angeles Times, 23 Apr. 2022 Revenues are collected from three main sources, income tax, property tax and Emergency Medical Service (EMS) collections.cleveland, 18 Mar. 2022 The Finance Committee’s other co-chairman, Sen. John Fonfara, D-Hartford, proposed several tax hikes last year, including two income tax surcharges on wealthy households, a new state property tax on expensive homes and a digital ads levy. Keith Phaneuf, courant.com, 8 Jan. 2022 Earlier this month, voters renewed a capital-improvement property tax that will furnish the city's Parks and Recreation Department with $24 million. Will Langhorne, Arkansas Online, 29 Aug. 2022 See More
Word History
First Known Use
1808, in the meaning defined above
Legal Definition
property tax
noun
: a tax levied on real or personal property (as by a municipality) compare excise, income tax