DEFINITION of 'Property Tax'
Property tax is a tax assessed on real estate. The tax is usually based on the value of the property (including the land) you own and is often assessed by local or municipal governments
http://www.investopedia.com/terms/p/propertytax.asp#ixzz3rbG...

Qué es el impuesto sobre inmuebles urbanos?
El impuesto sobre inmuebles urbanos, también conocido como derecho de frente, es un aporte de carácter obligatorio o gravamen a la propiedad de los citados inmuebles, el cual se calcula una (1) vez al año y debe cancelarse el primer mes de cada trimestre (enero, abril, julio y octubre.
https://alcaldiamunicipiosucre.gob.ve/gobierno-municipal/dir...

A property tax (or millage tax) is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. Multiple jurisdictions may tax the same property. This is in contrast to a rent and mortgage tax, which is based on a percentage of the rent or mortgage value.
https://en.wikipedia.org/wiki/Property_tax



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Note added at 2 hrs (2015-11-15 22:23:00 GMT)
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The "derecho de frente" is how in Venezuela call as property tax.