08:50 Oct 9, 2005 |
Flemish to English translations [PRO] Law/Patents - Law: Taxation & Customs | |||||||
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Grading comment
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Summary of answers provided | ||||
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4 +3 | property tax/real estate tax |
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3 | Mill rate / rate of property (or real estate) tax |
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Mill rate / rate of property (or real estate) tax Explanation: Mill rate / Tate at which property (or real estate) is assessed for taxation. In the US this is referred to as the Mill Rate or Mill Levy: (1) TERM onroerende voorheffing Reference Maryssael, Philippe, Revisor, Vertaaldienst, Ministerie van Financiën, Brussel, 2000 EN Definition the tax per dollar of assessed value of property in a particular municipality, usually expressed in mills; one mill equals 1/10th of a cent ($.001) Reference Dearborn Financial Publishing,Gloss.of Business Terms,1997,Cable News Network Inc. (1) TERM mill rate Reference Dearborn Financial Publishing,Gloss.of Business Terms,1997,Cable News Network Inc. Note {GRM} n.p. Ref. Eurodicautom In other words, the rate at which property or real estate taxes are assessed: "The Mill Levy is the rate at which property taxes are assessed. To determine the Mill Levy, often referred to as the Mill rate, two things are needed: Total Valuation of taxable real estate and total budgets of local taxing entities." ref. http://www.grandforksgov.com/gfgov/home.nsf/Pages/Assessing-... |
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property tax/real estate tax Explanation: [PDF] 30.10.2003 EN L 282/25 Official Journal of the European Union ... are exempt from property tax (onroerende voorheffing/. précompte immobilier) on buildings they use for business. purposes. The law also exempts them from ... europa.eu.int/eur-lex/pri/en/oj/dat/2003/l_282/l_28220031030en00250045.pdf Other Taxes A local real estate or property tax, known as the precompte immobilier/onroerende voorheffing, is due once a year. This tax is based on the property's ... www.expatriate-online.com/livinginBelgium/living.cfm?id=143 |
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