property tax
85
3.2
- noun
- /ˈprɒpərti tæks/
:
impuesto sobre la propiedad
- To finance local services, the property tax is assessed based on the value of real estate.
- pay property taxes
- local property tax
- property tax rates
If you go to a poor neighborhood, they're getting way less funding simply by the way that property tax works.
- If you go to a poor neighborhood, they're getting way less funding simply by the way that property tax works.
- And we should know this because like in real estate, the number one debt on property is always property taxes.
- Like in New York, for example, like you could be paying thousands and thousands of dollars a year just in, you know, condo fees and, and property tax alone.
- You got to factor all this in, and the biggest mistake I've seen people make when they buy real estate is they don't consider the property taxes.
- I think it's not unlike property tax.
Examples
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This is how much I spend on average per month for insurance, property tax, upkeep, all of that.
-
The community has acquired the land because the owner has not paid the property taxes.
Academic text (1994) -
But instead they increased the property tax on people who had to pay property taxes.
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I pay the property taxes.
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What would you do about property taxes?
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Well, this county raised property taxes, a little bit of cash goes a long way out here.
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The rest of us got a modest cut for our property taxes as well.
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Several parents were very much opposed to raising property taxes to support the public schools. Why?
Academic text (2000) -
The message is that the property tax must be sharply curtailed and that government spending, wherever it is, must be held in check.
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On the other hand, the very reliance on local property taxes magnifies the differences in the wealth of communities.
Academic text (1994)
Synonyms
1
3.2
A payment to the local government for owning land
1
6.9
A tax local councils charge on houses and land to pay for local services
How High
- Formal
7
7.5
85
3.2
Surface Forms
Morphology
The meaning 'a tax on property' is directly and transparently derived from combining 'property' (an asset or real estate) with 'tax' (a government charge). This noun+noun compounding is a common, cross-linguistic pattern (e.g., Spanish 'impuesto sobre la propiedad') and a B1 learner who knows both words will readily infer the meaning.
Etymology
Property tax is a literal compound: property means land or buildings and tax is money people must pay to the local government. Imagine a town checking houses and charging owners more if their property looks bigger or more valuable, so 'property tax' means 'the money owners pay on their land or home'.