Sewage Tax

Definition of "Sewage tax"

Levied on those benefiting from the installation of a sewer.

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Related Real Estate Glossary terms

Innkeepers Liability

Liability arising out of the operation of a motel or hotel as it pertains to the physical safety of ...

First Year Commission

Percentage of first year's premium paid to compensate an insurance agent. This is known as the "Firs ...

Property

(land and attachments) and personal (movable effects not attached to land). Both classifications of ...

Product Development

Design, testing, packaging, and marketing of an insurance policy. ...

Mortgage Insurance Premium

Premium paid by the mortgagor for mortgage insurance to either a private mortgage insurance company ...

Betterment

Replacement of a major component of property by another component that will result in better perform ...

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What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Is An Easement?

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

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