Business / Real Estate / Inheritance Taxes: An estate tax imposed by the state on heirs for their right to inherit property. The tax is not levied on the property itself, but rather on the heirs for their right to acquire the property by succession or devise. Therefore, the rates or the deductions may vary depending on the degree of the relationship.
Inheritance Adjective Synonyms: patrimony, heritage, legacy, bequest, birthright, property
Business / Real Estate / Estate Taxes: Federal estate taxes and state inheritance taxes (as well as the debts of decedents) are general, statutory, involuntary liens that encumber a deceased persons real and personal property. These are no MORE
Business / Finance / Local Taxes: Property, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes. MORE