/ Dictionary / Index P property tax: Meaning and Definition of Find definitions for: prop'erty tax" Pronunciation: [key] a tax levied on real or personal property. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. property right proper value Related Content Daily Word Quiz: cygnet Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language