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Property tax - Property tax is an ad valorem tax that an owner of real estate or other property pays on the value of the thing taxed. The taxing authority requires and/or performs an appraisal of the monetary value of the property, and tax is assessed in proportion to that value.

Tax Reduction Act of 1975 - The United States Tax Reduction Act of 1975 provided a 10 percent rebate on 1974 tax liability ($200 cap) and created a temporary $30 general tax credit for each taxpayer and dependent.

Excise Tax Reduction Act of 1954 - The United States Excise Tax Reduction Act of 1954 actually temporarily extended the 1951 excise tax increases (through March 31, 1955), but also reduced excise tax rates on, among other things, telephones, admissions, and jewelry.

Tax Reduction and Simplification Act of 1977 - The Tax Reduction and Simplification Act of 1977 was passed by the 95th United States Congress and signed into law by President James Carter on May 23, 1977.

advicepropertyreductiontax

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