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Glossary   >   P   >   "Property tax" Definition            Property tax A tax charged on real property and assessed according to whether it is used for residential, commercial or industrial purposes. In the UK a form of property tax is the council tax. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Property tax - A tax charged on real property and assessed according to whether it is used for residential, commercial or industrial purposes. In the UK a form of property tax is the council tax.