Property tax Term Meaning in Real Estate - Guide

It is the annual amount paid by a land owner to the local government or municipal corporation of the area

Devika Arora

6 years ago

Published Date: May 22, 2018

Updated Date: Mar 27, 2024

It is the annual amount paid by a land owner to the local government or municipal corporation of the area. 'Property', here, means all tangible real estate property- house, office building and any other property that the land owner may have rented.

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