property tax

Definition of "property tax"
  1. A charge on the value of real estate or sometimes personal property, assessed by local government, often used for public improvements that benefit property owners
How to use "property tax" in a sentence
  1. The local council increased the property tax to fund improvements in road infrastructure.
  2. The property tax on her house went up following the addition of a new bedroom.
  3. They budgeted for property tax when buying their new home, knowing it would be an ongoing expense.

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