property tax

noun

Definition of property tax

: a tax levied on real or personal property

Examples of property tax in a Sentence

Recent Examples on the Web Mayfair is Wauwatosa's second-largest taxpayer, and city officials want the former Boston Store to generate property tax revenue under private use. Beck Andrew Salgado, Journal Sentinel, 26 July 2022 Downtown Anchorage is the historic heart of the city, a center of commerce, a significant source of property tax revenue and an entry point for tourists. Julia O'malley, Anchorage Daily News, 11 July 2022 In Tax Increment Reinvestment Zone, a mechanism in which increases in property tax revenue from land within the zone are used to reimburse developers for public improvements. Madison Iszler, San Antonio Express-News, 14 June 2022 Estimates of income and property tax revenue have not been provided by Ford yet either. Linda Gandee, cleveland, 6 June 2022 Those grants would come from property tax revenue generated by Michigan Street Commons, which has a $27.5 million cost estimate. Tom Daykin, Milwaukee Journal Sentinel, 2 June 2022 Compared to 1963, state government also is much more responsible for financing schools and local government because Proposition 13 shrank property tax revenue. Los Angeles Times, 16 May 2022 The city of Baltimore needs more property tax revenue; the state of Maryland has millions of dollars in federal COVID relief to help homeowners pay their property taxes. Giacomo Bologna, Baltimore Sun, 27 Apr. 2022 Before the pandemic, office buildings in Manhattan supplied more than a quarter of the city’s property tax revenue, according to the New York State Comptroller’s Office. New York Times, 11 Apr. 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'property tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of property tax

1808, in the meaning defined above

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Time Traveler for property tax

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The first known use of property tax was in 1808

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Dictionary Entries Near property tax

property right

property tax

prop forward

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Statistics for property tax

Last Updated

7 Aug 2022

Cite this Entry

“Property tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/property%20tax. Accessed 16 Aug. 2022.

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More Definitions for property tax

property tax

noun

Legal Definition of property tax

: a tax levied on real or personal property (as by a municipality) — compare excise, income tax

More from Merriam-Webster on property tax

Thesaurus: All synonyms and antonyms for property tax

Britannica.com: Encyclopedia article about property tax

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