Classified Property Tax

Definition of "Classified property tax"

Property tax that varies in rate depending on the zoning classification (use) of the property.

Search Real Estate Glossary

Related Real Estate Glossary terms

Act Of God

Natural occurrence beyond human control or influence. Such acts of nature include hurricanes, earthq ...

Annuity Unit

Share of a variable dollar annuity paid to an annuitant as an income payment. ...

Fellow, Society Of Actuaries (fsa)

Designation earned by passing 10 national examinations on subjects including mathematics of life and ...

Faulty Installation

Coverage in the event of property damage or destruction resulting from wrongful installation of equi ...

Cumulative Interest

The sum of all interest payments to date or over the life of the loan. This is not a good measure of ...

Tax Reform Act Of 1984

Legislation that raised taxes on life insurers and further defined life insurance. Because the tax e ...

Related Real Estate FAQ

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Mortgage Banker?

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

Do I Need Life Insurance?

Whether you are a .boomer. an .X-er. or an .empty Nester. it is never to or too late . to think abou ...

What Is A Mortgage Broker?

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is Earnest Money Tax Breaks for the First Time Home Buyer What is Hazard Insurance? 5 U.S. Cities with the Best Public Transportation Mortgage Loan Types

FAQ

What is the difference between being prequalified and preapproved for a loan? What is a loan-to-value (LTD) ratio? What is a buydown? What are the Benefits of Liability Insurance? What do I need to know about Universal Life Insurance?