1. Real estate or personal property that is exempt from property taxes or other tax obligations
The church building is tax-free property because of its religious purpose.
O edifício da igreja é uma propriedade isenta de impostos por causa de seu propósito religioso.
2. Property owned by entities entitled to tax exemption, such as government bodies, charities, or educational institutions
Universities often own tax-free property in residential neighborhoods.
As universidades geralmente possuem propriedades isentas de impostos em bairros residenciais.