One-Time Property Tax

Non-Recurrent Taxes on Property - Non-Recurrent Taxes on Property are one-time levies imposed on property, distinct from regular, recurrent property taxes. These include taxes on net wealth to meet emergency expenditures or for redistribution purposes and other non-recurrent taxes such as those on land value increases due to development permissions or local facility enhancements

Class Information

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Identification

Label (rdfs)
Non-Recurrent Taxes on Property
Preferred Label
One-Time Property Tax
Alternative Labels
Lump-Sum Property Tax, Non-Regular Property Tax, Occasional Property Tax, Special Property Levy
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Definition and Examples

Definition
Non-Recurrent Taxes on Property are one-time levies imposed on property, distinct from regular, recurrent property taxes. These include taxes on net wealth to meet emergency expenditures or for redistribution purposes and other non-recurrent taxes such as those on land value increases due to development permissions or local facility enhancements
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Additional Information

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Deprecated
False

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