Grade Tax


Definition of "Grade tax"

Increasing tax rates with increasing levels of taxable income.

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Popular Real Estate Terms

Certificate Of Sale

Certificate issued to the buyer at a judicial sale, such as an execution sale. After the time for redemption has expired, the holder of the certificat ...

Consolidation Loan

Loan that combines smaller loans into one larger loan and typically arises from refinancing debt. It typically results in a lower overall interest ra ...

Recapture Clause

Clause in a percentage lease permitting the landlord to cancel a lease and recover the property if the tenant's sales fall below a specified level. ...

Buyer’s Market

Are you planning on buying a house? If you are, you’re going to love the Buyer's Market definition. But if you are a home seller, you will wish ...

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Point at which additional units of a specific resource no longer cause the level of satisfaction that was previously attained. ...

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Popular Real Estate FAQ

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Quit Claim Deed?

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Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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A credit report is a report of all your debt information compiled by an independent agency. The credit report shows all outstanding debt as well as a ...

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A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

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An easement is the right given by the landowner to use the property. ...

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