estate tax

noun

1. a tax imposed on a decedent's property, assessed on the gross estate prior to distribution to the heirs.

Word History and Origins

Origin of estate tax¹

First recorded in 1905–10

Example Sentences

That includes higher standard deductions, a lower top marginal tax rate, bigger child tax credits, lower estate taxes and certain deductions tailored for small businesses.

From Los Angeles Times

That’s also the bad news, costing them thousands more in real estate taxes and leaving less for discretionary spending.

From Seattle Times

The proposal would allow the City Council to increase real estate tax revenue to help fund programs to get people off the street.

From New York Times

Mr. Peskin said that San Francisco’s $14 billion budget is facing the prospect of a $1 billion shortfall over the next few years, in part because of lost commercial real estate tax revenue.

From New York Times

Among other things, Democrats proposed, and then punted on, bills to impose statewide rent restrictions, to use a real estate tax to build affordable housing, and to force more pricing transparency in the oil industry.

From Seattle Times

Related Words

• death tax
• inheritance tax