property tax
[/ˈprɑpərti tæks/]
nounpl: property taxes
imposto predial
1. A tax levied by local government on the assessed value of real estate property
Property taxes are due annually and help fund local schools and infrastructure.
Os impostos prediais são devidos anualmente e ajudam a financiar escolas e infraestrutura locais.
2. A mandatory financial obligation paid by property owners based on the market value of their land and buildings
The property tax on his house increased after the recent appraisal.
O imposto predial de sua casa aumentou após a avaliação recente.
In Brazil, IPTU (Imposto Predial e Territorial Urbano) is the primary municipal property tax and is a significant source of revenue for city governments. Property taxes are substantially lower in Brazil compared to the USA, where property taxes are often the largest tax burden for homeowners and vary significantly by state and locality. In the USA, property taxes typically fund local schools and municipal services, making them a contentious political issue during election cycles.
NYC Slang
property tax (standard usage in NYC; not replaced by slang)
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