tax on real property
81Tax-allocation district — A tax allocation district (TAD), also known as tax increment financing, is a defined area where real estate property tax monies gathered above a certain threshold for a certain period of time (typically 25 years) to be used a specified… …
82tax lien — A lien on real estate in favor of a state or local government which may be foreclosed for nonpayment of taxes. The majority of the states have adopted the Uniform Federal Tax Lien Registration Act. See also tax. + tax lien A statutory lien,… …
83Property Tax — 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. This tax is mainly used by municipalities for repairing roads, building schools and snow removal, or other… …
84Real Estate Investment Trust - REIT — A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages. REITs receive special tax considerations and typically offer investors high yields, as well as a highly liquid… …
85property tax — noun Date: 1808 a tax levied on real or personal property …
86Real — This interesting and unusual name is of medieval Spanish origin, and has two possible sources. Firstly, it may be a locational surname deriving from any of the numerous places called Real in Spain. All of these are named with the Spanish term… …
87tax base — noun collective value of taxable assets • Hypernyms: ↑assets * * * noun : the wealth (as real estate or income) within a jurisdiction that is liable to taxation * * * noun [noncount] : the amount of money or property that can be taxed within an… …
88Real Estate Limited Partnership - RELP — A direct participation program formed to build new structures and generate income from existing property, or profit from the capital appreciation of undeveloped land. High potential growth, income distributions, and tax shelter are some benefits… …
89Land value tax — Land value taxation (LVT) (or site value taxation) is an ad valorem tax where only the value of land itself is taxed. This ignores buildings, improvements, and personal property. Because of this, LVT is different from other property taxes which… …
90Special assessment tax — Special assessment is the term used in the United States to designate a unique charge government units can assess against real estate parcels for certain public projects. This charge is levied in a specific geographic area known as a Special… …
