property tax

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property tax

n. an annual local governmental tax on real property or personal property based on a tax rate (so many dollars or cents per $100 value of the property.) The value is usually established by an Assessor, a county official. In California the assessed value of real property is based on the amount of the last sale of the property, and the tax is limited to 1% of that figure (with a few minor exceptions) under the so-called "Proposition 13" state constitutional provision. In addition, there are special assessments for particular public property improvements such as sidewalks, tree planting, or storm drains which are charged to each property owner on the street in which the improvements are made. (See: ad valorem, tax)

References in periodicals archive ?
Grant took possession with 4:32 left and drove 63 yards in nine plays - all rushes - capped off by Millage's game-winning run.
The city adopted consecutive increases in its millage rate in fiscal years 2010-2013 aggregating close to 36% and the aforementioned 22% increase effective for fiscal 2018.
Millage, of Skipton Gardens, Stoke Heath, Coventry, said he bought the films for pounds 1 and sold them for pounds 3.
The county estimates it can generate approximately $680 million in additional property tax revenue from the countywide tax rate millage capacity and $550 million of additional revenue for UMSA services (compared to general fund revenues of approximately $2.2 billion in fiscal 2017).
Director Jennifer Goodson said the millage increase would represent a tax increase from $20 to $60 for every $100,000 of property value.
Despite the efforts of James Davis (right) and the other Ducks, the Sun Devils' Curtis Millage (left) was able to break free to score 27 points in Arizona State's 91-77 victory over Oregon last week in Tempe.
Complicating the issue, which has been studied by a handful of commission committees over the years, is the fact that the urban services millage is charged against every property whether it uses city garbage service or not and includes allocations for fire protection and streetlights in the old city limits that would likely need a replacement revenue stream if the tax were eliminated.
They include placing on the ballot a constitutional amendment that would allow local governments--with voter approval--to raise millage rates for the pensions.
Mark Millage begins full duties at the Sioux Falls institution on May 19.
Janette Millage, aged 47, of Laburnum Avenue, Coundon, read about the toy appeal on Wednesday.
The GO warrants are non-voted, payable from all general fund revenues, with no dedicated ad valorem millage. The series 2018 GO warrants are additionally pledged proceeds of certain sales and use taxes levied by the city.