Identification
- Label (rdfs)
- Property Tax Practice
- Preferred Label
- None
- Alternative Labels
- N/A
- Identifier
- N/A
Definition and Examples
- Definition
- Property tax practice refers to the set of procedures and regulations involved in the assessment, collection, and administration of property taxes by government authorities. This practice includes determining the value of properties, calculating the tax owed based on assessed values, and managing the collection and allocation of property tax revenues to fund public services and infrastructure.