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 ?

We are excited to join the industry leader in property tax services and look forward to delivering our new and existing clients even higher levels of value and results, said Scott Retzloff, owner of Scott B.

United States : Ryan Acquires Scott B. Retzloff & Associates

The E and T officer said that all the property tax record had been computerized in the district for the convenience of the people, adding that citizens could verify their property tax online as complete data of property details and taxes was available on the website.

E and T deptt starts crackdown against property tax defaulters

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Who's to blame for your rising property taxes? Here's what Texans think

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Rate shock: study finds NH has third-highest median property tax

In Eugene, property tax collections amount to about 75 percent of public safety costs, but in other cities the percentage is much higher.

In Oregon, property taxes do heavy lifting for safety, schools

The history of the property tax leads to the specific observation animating the argument of this article.

How less can be more: using the federal income tax to stabilize state and local finance

They pay nearly $11,000 annually in property taxes, close to three times the median property tax bill in New York state.

Gov. signs first property tax cap

Of the $100,000 state payment, at least $25,000 would go to provide property tax relief.

Municipal performance incentives could rein in property taxes

And, coupled with low property tax rates, these communities continue to attract development that keeps their economies--and their schools--vibrant.

Never-ending cycle: Illinois' reliance on property taxes as the major source of school funding has major consequences for communities throughout the state

Unless a company is in the tax business, property tax compliance will not be one of its core function.

Is outsourcing property tax compliance right for you?

Second, unlike any other property tax, this tax would be a direct levy by the state.

'ACCOUNTABILITY' ACT UPS TAXES, NOT LEARNING

By combining the functionality of its new real property tax module with the personal property tax functionality of PTMS, TCI "has created a versatile and affordable property tax software solution for both personal and real property tax management," the company said in an announcement.