Find a Real Estate Agent

Whether you're planning on buying or selling a home, choosing the right Real Estate Agent is one of the most important decisions you'll make. Let Real Estate Agent.com help by putting you in contact with a real estate professional nationwide!

Glossary Home Search Glossary Submit New Term

Glossary Home» Mortgage

Gift tax

Tax assessed on a transfer of property made without adequate legal consideration. This tax is based on the appraised value of the property at the time of transfer.Also, gifts of property between spouses are untaxed.