Tax Term Meaning in Real Estate - Guide

A tax is a mandatory financial charge

Kopal Cheema

7 years ago

Published Date: Mar 26, 2018

Updated Date: Mar 27, 2024

A tax is a mandatory financial charge imposed upon a taxpayer by a governmental organization on a product, income, or activity in order to fund various public expenditures. A failure to pay, evasion of or resistance to taxation, is punishable by law.

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