Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on farm equipment, business equipment, and inventories as well as...

A tax based on the value of property The revenue from this tax is often the major source of local government finance. See also: rates; Tiebout...

A tax based on the value of buildings and land. Such taxes are known as RATES in the...

Property tax, millage tax is an ad valorem tax that an owner of real estate or other property pays on the value of the property being taxed. There are three species or types of property: Land, Improvements to Land (immovable man made things), and...