Fred: Yay. I bought a house worth $200,000. Woohoo!
Government: Okay Fred. Gimme $5000 NOW.
Fred: WTF?
Government: Do you not get it? I said give me $5000 now, and you will do so every year you numbskull. It's called the "property tax". If you don't, I will seize your house.
Fred: What???? But it is my property. Why are you forcibly taking away a part of it.
Government: Because you're my bitch.
Government: Okay Fred. Gimme $5000 NOW.
Fred: WTF?
Government: Do you not get it? I said give me $5000 now, and you will do so every year you numbskull. It's called the "property tax". If you don't, I will seize your house.
Fred: What???? But it is my property. Why are you forcibly taking away a part of it.
Government: Because you're my bitch.
by 1nfid3l June 24, 2011
The amount of money it takes to keep your woman or girlfriend happy based on a weekly or monthly basis.
"Man, your girl is totally draining your wallet.",
"For sure. She has a higher property tax than my last girl."
"For sure. She has a higher property tax than my last girl."
by Koden October 14, 2013
by williestile August 28, 2009
It means that when a government body allows a new business to move into an area ,they will often not require the company to pay property taxes for a period of time, often for many years. It's a huge benefit to the government and the business because property tax control limits taxes for some businesses.
by Magnumb,Private Eye September 15, 2022