| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,726,431,246 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
land tax |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.02 sec. |
|
land tax, impost levied upon real property. It is sometimes called a real estate tax, especially when assessed against both improved and unimproved land. Probably the earliest direct tax and formerly the chief source of government revenue, it was known in ancient China and Egypt. Until modern times, European countries depended on it almost exclusively. In the United States the land tax (including the tax on improved property) has been the chief method of collecting local revenue, accounting for some 25% of all state and local government receipts. The tax may be assessed on the sale value of the property, although a fairer method is classification of the land according to its productiveness. For special theories of land tax, see physiocrats physiocrats (fĭz`ēəkrăts'), school of French thinkers in the 18th cent. who evolved the first complete system of economics. ..... Click the link for more information. ; single tax single tax, any levy that serves as the government's only source of revenue. Generally, however, it is understood to mean a tax derived from economic rent and used as the sole source of public receipts. ..... Click the link for more information. . BibliographySee R. T. Ely and E. W. Morehouse, Elements of Land Taxation (1924); H. Brown et al., ed., Land-Value Taxation Around the World (1955); H. P. Wald, Taxation of Agricultural Land in Underdeveloped Economies (1959). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
20-year tax abatement programs which require owners to pay land tax help keep homes affordable. From the unchallenged admiration in the eighteenth century to the threats of urbanization, agricultural depression, democratization, shifting land markets and changes in land tax laws, the economic value of the country always weighed into the equation of preservation, government intervention and the cultivation of a national attachment to country houses. With the introduction, in 1872, of the 3 percent land tax payable in cash rather than the harvested rice, her family fortunes rapidly declined and went the way of many other peasant families as they gradually lost their five-acre farm. |
| Encyclopedia |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|