answersLogoWhite

0


Best Answer

Property taxes are on real estate only. The IRS imposes charges on buildings, structures, land or houses that are permanently attached to the ground. These charges are called "real estate tax" or "property tax".

User Avatar

Wiki User

6y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a tax on real estate or personal property?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

A tax on real estate or personal property?

Property tax


Tax on all real and personal property of a deceased person is?

estate


What is Real estate tax in US?

In the United States the real estate tax is commonly known as the "real property tax." Although there is no federal tax on real estate at the present time, taxing authorities and taxing districts at the local and state government levels annually tax real and personal property.


What type of tax is imposed on a real and personal property of a deceased person?

estate (A+)


What type of tax is imposed on all real and personal property of a deceased person?

estate (A+)


How do you find out if manufactured home is real estate?

If you are in the US; the county property tax rolls will have it listed as either real estate or personal property. Another guideline is that if it is on a permanent foundation it is considered real estate.


What is the difference between real property tax and real estate tax?

real estate tax is applied to the residence in which you live and the land that it resides on. Property tax can extend to all personal property, which includes your residence as well as other things such as your car. Often however, these terms are used interchangeably.


Is real estate tax same as property tax?

Real estate taxes are commonly referred to as property taxes. However, property taxes can be one of two types: real property taxes (land and improvements to land like structures and accessory or outbuildings) and personal property taxes (vehicles, business and industrial equipment, etc.). Tax laws within each state in the United States define what is real property and what is personal property for tax purposes.


Tax on real estate or personal property is called what?

Tax on real estate or personal property is commonly referred to as "property tax." This tax is levied by local governments, such as municipalities or counties, based on the assessed value of the property. Property taxes are used to fund various local services and infrastructure, including schools, roads, public safety, and other community amenities. Website Link: incometaxonline.org


Is real estate tax property tax?

Yes real estate taxes are also referred to as property taxes.


What is the difference between property tax and real estate tax?

Real estate tax is applied to the residence in which you live and the land that it resides on. Property tax can extend to all personal property, which includes your residence as well as other things such as your car. Often however, these terms are used interchangeably.


What kind of tax is real estate property taxes?

A real estate tax, also called a property tax, is an ad valorem tax imposed on an annual basis. That means it is a tax based on the value of the real estate. Property taxes may be payable to the town or county depending on the jurisdiction.A real estate tax, also called a property tax, is an ad valorem tax imposed on an annual basis. That means it is a tax based on the value of the real estate. Property taxes may be payable to the town or county depending on the jurisdiction.A real estate tax, also called a property tax, is an ad valorem tax imposed on an annual basis. That means it is a tax based on the value of the real estate. Property taxes may be payable to the town or county depending on the jurisdiction.A real estate tax, also called a property tax, is an ad valorem tax imposed on an annual basis. That means it is a tax based on the value of the real estate. Property taxes may be payable to the town or county depending on the jurisdiction.