COMMUTATION OF TAXES
commutation of taxes.A tax exemption resulting from a taxpayer’s paying either a lump sum or a specific sum in lieu of an ad valorem tax. [Cases: Taxation 200. C.J.S. Taxation § 273.] [Blacks Law 8th]
commutation of taxes.A tax exemption resulting from a taxpayer’s paying either a lump sum or a specific sum in lieu of an ad valorem tax. [Cases: Taxation 200. C.J.S. Taxation § 273.] [Blacks Law 8th]