What is the definition of Mortgage tax? | Dictionary.net

MORTGAGE TAX

\mˈɔːɡɪd͡ʒ tˈaks], \mˈɔːɡɪd‍ʒ tˈaks], \m_ˈɔː_ɡ_ɪ_dʒ t_ˈa_k_s]\

Definitions of MORTGAGE TAX

1910 - Black's Law Dictionary (2nd edition)

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Mortgage interest tax deduction. If the mortgage payer itemizes on the tax return this tax can be deducted from state and federal income taxes. Varies from state to state based on loan amount, property value, and property type.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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