Property tax Sentence Examples
Each municipality is required to pay to its school board 25% of its receipts from the general property tax.
There is no general property tax except a special levy of 8% on the general list for school purposes and 5% for the construction of roads.
In New York the direct property tax is levied by and for the benefit of localities.
A severe property-tax and an increase of customs duties in 1879 only for a moment achieved financial equilibrium.
About one-half of the revenue for state and county purposes is derived from a general property tax.Advertisement
The general property tax is the chief source of revenue for state, county and local purposes.
The chief source of revenue for the state, counties and municipalities is the general property tax.
Nevertheless,only recently have other sources of revenue been largely developed, and the general property tax to a degree abandoned.
This act recommended him to popular favour, and he was called to the government of the city - but only for the distinct purpose of establishing the "catasta," a property tax which should fall with equal incidence on every citizen.
Partly to provide for the expenses of this court, partly to furnish Maximilian with the promised monetary aid, a tax called the common penny was instituted, this impost taking the form both of a property tax and of a poll tax.Advertisement
The revenue of the District, which is derived from a property tax and from various licences, is paid into the United States Treasury; appropriations, always specific and based on estimates prepared by the commissioners, are made only by Congress; and all accounts are audited by the Treasury Department.
The elementary schools are maintained from the proceeds of the state school funds, consisting of interest on the literary fund, a portion of the state poll tax, a property tax not less than one mill nor more than five mills on the dollar, and special appropriations; county funds, consisting principally of a property tax; and district funds, consisting principally of a property tax and a dog tax.
The normal yield of the property tax is reported as 60 talents (14,400); but on special occasions it reached 200 talents (48,000), or about one-sixth of the total receipts.
Revenues for the support of the government are derived chiefly from the general property tax.
The revenue system is based on the general property tax and there is a State Board of Equalization.Advertisement
The revenue of the state is derived almost wholly from taxes, about 87% from a direct or general property tax and the rest from various specific or indirect taxes, such as the liquor tax and the inheritance tax.
For the fiscal year 1907 the fees collected from corporations by the secretary of state amounted to $204,454, the receipts from the tax on corporations other than railways amounted to $2,584,363.60, and the receipts from the tax on railway corporations were $807,780.4 It is the revenue from these sources that has enabled New Jersey to dispense almost entirely with the general property tax for state purposes.
The chief sources of the state's revenue are a general property tax and taxes on the franchises of corporations, especially those of railway and insurance companies and savings banks; among the smaller sources are licences or fees, a poll tax, and a collateral inheritance tax.
The general property tax for state and local purposes is assessed by local assessors, but their work is reviewed for the purpose of equalization among the several towns and counties by a board of state assessors, which also assesses the corporations.
Every citizen of the United States, male or female, twenty-one years old or over, who has lived one year within the state, four months within the county and sixty days within the precinct has the right of suffrage, except that idiots, insane, and those convicted of treason or crime against the elective franchise are disfranchised; but in elections levying a special tax, creating indebtedness or increasing the rate of state taxation, only those who have paid a property tax during the preceding year may vote.Advertisement
The principal source of public revenue is the property tax.
Finance.-Revenue is drawn mainly from a general property tax.
About $175,000 more of debt was incurred by Indian wars in 1874 and 1878; in the latter year the public debt amounted to more than $650,000, but about $350,000 of this was in 10% warrants for road-building, &c.; the bonds and warrants (with the exception of some never presented for redemption) were speedily redeemed by a special property tax.
Revenue for state purposes is derived principally from taxes on corporations, from an inheritance tax and from departmental and institutional fees and charges; that for counties, towns, villages and cities from a general property tax.
The general property tax has long been employed almost wholly for educational purposes only.Advertisement
Whether he also introduced a property-tax for military purposes, and even held a high position in connexion with the treasury, is uncertain.
October 2005 Ian McTernan The above article is reproduced courtesy of Property Tax Portal.
Tax abatements ease the strain on property owners, because they lessen the amount of property tax that is owed.
The property tax referendum passed by a slim margin, contentiously funding improvements to the city's streets.
You can also get property tax assessments.
You can also find out what the houses have sold for in that neighborhood (by lot) and the property tax assessment.
Additionally, many municipalities are changing property tax requirements, helping with home improvements, providing heating and cooling assistance, and other services to encourage seniors to stay in their homes for as long as possible.
A number of states have established some type of an elderly deferral of property tax program.
Even though their homes may be fully paid for, many seniors find it difficult to stay in their homes because they can't keep up with the rising property tax assessments.
The criteria for qualifying for an elderly deferral of property tax vary by state.
Primarily, property tax deferral programs are available to citizens over the age of 65.
Other low-income residents under the age of 65 may qualify for property tax deferral programs as well.
My Dream Locale provides information, relocation advice and real estate property tax rates by county.
On the downside, you have to pay property tax on a home, which you probably don't pay on your rental.
Often a local lender knows locations and property tax issues better than the national banks, so they can provide you with more personalized advice than a larger multi-state corporation.
In 2005, the median property tax for a home with a mortgage was $1,439, or 0.5 percent of the total value.
Property taxes - Your lender may require you to deposit a specific amount into an escrow account each month to cover your annual or semi-annual property tax bill.
To estimate your projected property tax bill, you will need to research the state and local property taxes in your area.
Prospective buyers also can determine the property tax amount - the largest part of the escrow payment - by checking with their real estate agent or the county property tax assessor before buying.
MortgageCalculator.org also allows you to get information about your property tax rate and to use financial management tools to see the difference between monthly mortgage payments or payments every two weeks.
The first is the debt to income ratio of the mortgage, property tax and other required housing costs to your income.
The calculator further assumes the percentage of property tax to be 1.5 percent.
The taxes and insurance you expect to be paying, including the amount of your yearly property tax and the amount of you yearly property insurance.
It also provides information about property tax and homeowner insurance figures.
A business that owns equipment and furniture may also be subject to a personal property tax that is based on a certain percentage of the value of these items.