The right of taxation gives the government authority to levy taxes to support the maintainance of its systems which protect and benefit its citizens. Land is durable, permanent and accessible, which makes it convenient to tax. If tax is not paid, the government may enforce the law which can result in the owner losing his land.
Real Estate Term Right of Taxation
- Published Sep 9, 2019
- Updated Sep 11, 2019
- 773
This definition has been provided for general information purposes only and does not constitute legal, investment or other professional advice. You should seek the advice of a financial or real estate professional before making any type of investment.