Tax Exempt


Definition of "Tax exempt"

Tax-free status given to certain nonprofit organizations and governmental entities. Churches, charities, and government buildings do not pay property tax because of their tax-free status.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Investment Life Cycle

Time interval between buying a real estate investment and selling it. A sound way to determine the r ...

Commercial Acre

An acre of property zoned for business income-producing purposes. ...

New Acquired Car

Replacement car or additional car as used in the personal automobile policy. ...

Fortuitous Loss

Loss occurring by accident or chance, not by anyone's intention. Insurance policies provide coverage ...

Solar Heating

Warming method using sunlight. It involves special glass panels. ...

Waiver Of Coinsurance Clause

Provision in property insurance that stipulates that the coinsurance requirement will not be in effe ...

Related Real Estate FAQ

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Proprietary Lease?

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

10 Tips for Homebuyers Short Sale Homes Build or Buy? That’s the Big Question How To Sell Your Home 5 U.S. Cities with the Best Public Transportation

FAQ

What does the Real Estate Settlement Procedures Act (RESPA) require? What is a lifetime rate cap? What is a subdivision? What is a title search? What do I need to know about Homeowners Insurance?