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Property tax is defined by the Tax Foundation as the tax that is imposed on immovable property like land and buildings, as well as on movable property, like vehicles and equipment.

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JLM Property

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9mo ago

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Related Questions

What property Property tax may be levied on buildings which are considered?

real


What type of property is a property tax levied on?

Real also known as direct tax --- Property taxes in most states in the United States are levied on real property (land and improvements to land, like structures) and personal property (non-real estate, like business equipment or automobiles). Certain types of property, or the owners of such property, may qualify for assessment and/or tax abatements, deferrals, or exemptions.


What type of property is a property tax is levied on?

Real also known as direct tax --- Property taxes in most states in the United States are levied on real property (land and improvements to land, like structures) and personal property (non-real estate, like business equipment or automobiles). Certain types of property, or the owners of such property, may qualify for assessment and/or tax abatements, deferrals, or exemptions.


Definition of property tax?

A property tax (or millage tax) is a levy on property that the owner is required to pay. The taxis levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality.


What is real property tax?

A real propert tax is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county/geographical region, or a municipality Multiple jurisdictions may tax the same property.


Can personal property be levied when a judgment is placed against you for credit card deliquency?

Answer: If your credit card company obtains a judgment against you they may take any property of value that they can find.


Definition of taxe?

A property tax (or millage tax) is a levy on property that the owner is required to pay. The taxis levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality.


Can a state certified general appraiser appraise residential property?

A Certified General Appraiser may appraise any type of property, residential or commercial, in states where they are licensed, subject to their competence; both in the type of property and geography.


What type of company is property exchange?

There is no company called Property Exchange. There is a company called Investment Property Exchange Services. This company specializes in protecting personal and business assets which may include real property or stocks and bonds.


How can one obtain a business property?

A business property is a type of structure that is specifically zoned and built for commercial use. This may include offices, restaurants, warehouses, and stores. If an individual is wanting to purchase a business property, he or she may check with the local real estate office, or with the owner of the property.


What tax applies to investments and other personal property?

Investments and other personal property are typically subject to capital gains tax, which is levied on the profit realized from the sale of an asset. Additionally, property taxes may apply to real estate holdings, while certain jurisdictions may impose taxes on specific types of personal property, such as vehicles or luxury items. Depending on the country or state, different rates and regulations may apply, so it's important to consult local tax laws for specifics.


If you stop paying your mortgage what happens?

The lender will foreclose on the property and the borrower will be evicted. The property will be sold according to the real estate laws of the state in which it is located. HUD property is generally auctioned off at the court house in the county where the property is located. The borrower may or may not have redemption rights to the property and may or may not be responsible for any outstanding debt connected to said property.