An official who determines property values, generally for real estate taxes.
Council tax is a UK local government tax applied based on property valuation, replacing the community charge in 1993–94. It includes various rebates and exemptions depending on occupancy and income.
Equal and uniform taxation is a principle stipulating that all persons of the same class must be treated equally in terms of taxation, ensuring that the same rate and value apply to similar properties being taxed.
A political philosophy advocating for the confiscation via taxation of the economic rent from land ownership as the sole revenue source for the government, aiming to address poverty by focusing on the unimproved value of land.
The concept of substituted basis is crucial in taxation, especially when dealing with property that has either an exchanged basis or a transferred basis. It helps in determining the tax implications of property transfers and exchanges.
