property-increment tax

noun

: a tax on increase in the value of the principal of an estate as distinct from income actually realized

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

  1. Expanded definitions
  2. Detailed etymologies
  3. Advanced search tools
  4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now

Dictionary Entries Near property-increment tax

Cite this Entry

“Property-increment tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/property-increment%20tax. Accessed 22 Dec. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!