assessed tax
81Wealth Tax — It is a tax based on the market value of assets that are owned. These assets include, but are not limited to, cash, bank deposits, shares, fixed assets, private cars, assessed value of real property, pension plans, money funds, owner occupied… …
82generation-skipping transfer tax — A federal tax imposed on large amounts of money given or left to a grandchild or great grandchild. Its purpose is to keep families from avoiding the estate tax that would be due if the oldest generation left property to their children, who then… …
83death tax — n: a tax assessed on the transfer of property (as an estate, inheritance, legacy, or succession) after the transferor s death compare estate tax, generation skipping transfer tax, gift tax Merriam Webster’s Dictionary of …
84gift tax — A tax assessed on the giver of a property or asset as a gift. A $10,000 federal gift tax exemption exists per recipient. Bloomberg Financial Dictionary See: gift splitting. Bloomberg Financial Dictionary * * * gift tax gift tax ➔ tax1 * * * gift… …
85Electronic tax filing — E Filing in US= Electronic tax filing (or e filing) is a process where tax documents are submitted to the Internal Revenue Service through the internet or direct connection, usually without the need to submit any paper documents. Tax preparation… …
86ad valorem tax — n. A tax assessed on the value of property. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. ad valorem tax A tax that is calculated according to value o …
87Excise Tax — 1. An indirect tax charged on the sale of a particular good. 2. A penalty tax applied to ineligible transactions in retirement accounts. This penalty is assessed by and paid to the Internal Revenue Service (IRS). 1. Excise taxes are considered an …
88property tax — A tax levied on real property based on its use and its assessed value . Bloomberg Financial Dictionary * * * property tax property tax ➔ tax1 * * * property tax UK US noun [C or U] TAX, PROPERTY ► a tax on buildings or land that is based on its… …
89New York State School Tax Relief Program — The New York State School Tax Relief Program (more commonly known as the STAR Program), or New York State Real Property Tax Law §425,[1] is a school tax rebate program offered in New York State aimed at reducing school district property taxes on… …
90Federal Tax Lien — A federally authorized lien against any and all assets of a taxpayer who has unpaid back taxes. The lien allows the Internal Revenue Service (IRS) to secure or otherwise requisition the taxpayer s property in order to secure payment. Federal tax… …
