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What type of tax is a tax on the ownership of a building or land?

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2012-12-27 13:15:08
2012-12-27 13:15:08

Generally, in the United States, that type of tax is a property tax.

Generally, in the United States, that type of tax is a property tax.

Generally, in the United States, that type of tax is a property tax.

Generally, in the United States, that type of tax is a property tax.

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Generally, in the United States, that type of tax is a property tax.

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Related Questions


There are a few different types of tax on the ownership of lands. The tax on the ownership of property is referred to as either property taxes or as real estate taxes.


property taxproperty taxproperty taxproperty tax


Direct Tax OR a property tax or real estate tax.


That depends on the tax laws of the country in which that land and those buildings are located. You have not told us that so we can not provide you with a precise answer.


The type of ownership does not affect the assessed value or tax rate for real estate. The assessed value of real estate depends upon the characteristics of the land and any structures permanently attached to the land as of tax day. The tax rate for real estate is set by the taxing district and applies to all real estate in the community of the same kind (residential, commercial, industrial, etc.) regardless of the type of ownership (individual, joint, partnership, limited liability corporations, etc.). But personal income tax consequences at the state and federal level are a completely different story. Ownership type and tax consequences do matter when figuring personal income taxes.


type of revenue earned by a state for the rights to ownership of a piece of property.


In most areas there is at least one and, legally it isn't on the ownership exactly, but a tax the property itself pays...it is due from the property not the owner...but the owner pays it to keep the property from being taken because it owes taxes.


Indeed you do. The land is first owned by the developer, when you take possession of the land & house the land ownership is transferred to the buyer, complete with a title search.


Generally, building and land ownership records are kept by local governments interested in collecting taxes for the building or property. You can go to your local tax collector and inquire as to the availability of public records in this context, to discover the buildings' original owner.


Liberty is the tax system that Henry George did. He is best known for the single taxes on land.


United States Tax Court Building was created in 1972.


Yes it is. Sales tax is paid when you transfer the vehicle ownership.



A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.


Real estate tax is tax that is levied on buildingsor other real estate that you possess, be it your own home, a holiday cottage, land or an office building.Estate tax is tax levied on the net worth of all your possessions. The term 'estate' is most commonly used to describe the possessions of someone who has died.


Tax Foreclosures are for real. People have been making fortunes with this type of investing for a very long time. There are many diffrent types of tax sales that states to collect deliquent property taxes. Tax lien certificate sales are on and another one is a tax deed sale. Usually with a tax deed you acquire immediate ownership


Any encumbrances, such as restrictions or easements, that affect land would be disclosed by a title examination performed in the land records by a professional. Local ordinances that affect the property would be researched at the town building department after a visit to the tax assessor's office to determine the zoning status.Any encumbrances, such as restrictions or easements, that affect land would be disclosed by a title examination performed in the land records by a professional. Local ordinances that affect the property would be researched at the town building department after a visit to the tax assessor's office to determine the zoning status.Any encumbrances, such as restrictions or easements, that affect land would be disclosed by a title examination performed in the land records by a professional. Local ordinances that affect the property would be researched at the town building department after a visit to the tax assessor's office to determine the zoning status.Any encumbrances, such as restrictions or easements, that affect land would be disclosed by a title examination performed in the land records by a professional. Local ordinances that affect the property would be researched at the town building department after a visit to the tax assessor's office to determine the zoning status.


Generally, when ownership of property is arranged as joint ownership with the right of survivorship and one dies, full ownership passes to the survivor bypassing probate. Joint property is not a probate asset. In most cases there are no taxes due. However, you should consult with an attorney in your area who can review your situation and explain your tax obligations, if there are any. To clear the title a death certificate must be recorded in the land records, along with an affidavit or certificate stating that the gross estate does not necessitate a federal estate tax filing and a certificate from the state that there is no inheritance tax due. The attorney will advise you.


Generally, Allodial Title refers to absolute ownership of land with no obligation to a sovereign or government. In the Middle Ages that meant the land was not subject to feudal duties or burdens.Land held in allodium would not be subject to property taxes, ordinances, by-laws, etc. The property is owned free and clear of any interests or jurisdiction of any other party. This form of ownership does not exist in North America.


The enforcement/implementation of the tax laws of the land.


the tax levied on gasoline is known as an excise tax.



is to purchase a home and take advantage of tax benefits and pride of ownership


It is a tax levied on ownership of property by the government. It provides income to the government.


The Internal Revenue Service, or IRS, has several buildings scattered throughout the United States. One can look in their local Yellow Pages for the IRS building closest to them.



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