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land tax
(redirected from property tax)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

land tax

In England, a tax on land, based on an assessment of 1692, which became the principal source of crown revenue in the 18th century. It averaged around 20% of rental income, although this could be increased in war time. It was largely superseded by Income Tax.



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