A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- SALT DeductionA deduction for state and local taxes paid, including income and property taxes, subject to a yearly cap.
- Mortgage Interest DeductionA tax break that lets homeowners subtract the interest paid on their home loan from taxable income.
- Itemized DeductionListing out specific eligible expenses to subtract from income when they add up to more than the standard deduction.
- Sales TaxA tax added to the price of goods and services at checkout, collected by the seller for the government.
- State Income TaxA tax some states charge on your earnings, separate from federal income tax, with rates that vary by state.
Turn this into a brick
Knowing what Property Tax means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
1099Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependent
Plain-English education — not personalized legal, tax, or investment advice.