Classified Property Tax: Property tax which varies in rate depending on the use of the propertyCredit Credit is an agreement in which a borrower receives something of value now and agrees to repay the lender later.

 

Related Words

Classified Property Tax: Property tax which varies in rate depending on the use of the propertyCredit Credit is an agreement in which a borrower receives something of value now and agrees to repay the lender later.

Tax Audit: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts.

Tax Anticipation Notes (Tans): Special bills that the Treasury occasionally issues that mature on corporate quarterly income tax dates and can be used at face value by corporations to pay their tax liabilities.

Tax Avoidance: Audit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax.

Tax Basis: The assessed value of the taxable property, assets, and income within a specific geographic area.

Tax Bill: A property owners tax bill is computed by applying the tax rate to the assessed valuation of the property.

Tax Anticipation Bills (Tabs): An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the U.S. Treasury.

Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

Tax: A government fee on business and individual income, activities, or products.

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