property tax

noun

: a tax levied on real or personal property

Examples of property tax in a Sentence

Recent Examples on the Web
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Smith said the decline led to a $25-million annual loss in property tax revenue, and that loss will compound over the next few years. Jack Flemming, Los Angeles Times, 4 Apr. 2025 The new apartments will be built in an area already designated as a TIF district, which means the developers can get access to some of the money from excess property tax revenue as the area increases in value to help with redevelopment costs. Taylor O’Connor, Kansas City Star, 3 Apr. 2025 Armed with the political support to address these gaps and their serious consequences for the city’s economic future, New Orleans voters in 2022 passed an early childhood education property tax bill to provide more than $23 million in annual funding to expand access to early childhood education. Raymond Pierce, Forbes.com, 2 Apr. 2025 Levin has pointed out that city taxes are only about seven percent of property tax bills, with about 75% coming from Elmhurst School District 205. Graydon Megan, Chicago Tribune, 2 Apr. 2025 See All Example Sentences for property tax

Word History

First Known Use

1808, in the meaning defined above

Time Traveler
The first known use of property tax was in 1808

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Cite this Entry

“Property tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/property%20tax. Accessed 11 Apr. 2025.

Legal Definition

property tax

noun
: a tax levied on real or personal property (as by a municipality) compare excise, income tax

More from Merriam-Webster on property tax

Last Updated: - Updated example sentences
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