FOLIO Ontology

Real Estate Tax Payment

IRI:
https://folio.openlegalstandard.org/RCvECdTswFHO1Tyc4TQJdH4
Preferred Label Payment of Recurrent Taxes on Immovable Property
Alternative Labels
Land Tax Payment Property Tax Remittance Real Property Tax Payment

Definition

Payment of Recurrent Taxes on Immovable Property refers to the regular, often annual, tax payments made by property owners to local or national governments based on the assessed value of their real estate. These taxes fund public services such as education, infrastructure, and emergency services.

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