Property tax
Tax on property, particularly real estate
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- Economy (1)
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Bank of Korea (1) · Rhee Chang-yong (1) · Property tax (1) · Inflation (1) · Household debt (1) · South Korea (1) · Interest rates (1)
📖 Key Information
A property tax (whose rate is expressed as a percentage or per mille, also called millage) is an ad valorem tax on the value of a property.
The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or other geographical region, or a municipality.
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- 🌐 Household debt (1 shared articles)
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- 🏢 Bank of Korea (1 shared articles)