Mortgage Dictionary: Definition of Property Tax
Here is the definition for 'Property Tax'. To show a different definition, select a term from the dropdown text box. The online mortgage glossary will display a definition, plus links to related information.
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Property Tax
Property taxes are taxes on real estate, imposed by local governments.
Many mortgage companies bundle property taxes into the monthly mortgage
payment, along with principal, interest, and home insurance.
The various mortgage calculators on this web site give users an option - users
can include property tax in the computation, or they can leave it out.
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