Changes

'''Property tax''' is a tax levied on land and buildings ([[real estate]]) and on [[personal property]].  In the U.S. it is typically the main source of revenue for local government.  

'''Property tax''' is a tax levied on land and buildings ([[real estate]]) and on [[personal property]].  In the U.S. it is typically the main source of revenue for local government.  High property taxes have the effect of depressing property values and ironically lowering tax revenues.