Which term describes the taxes associated with the use of commercial property?

The term that accurately describes the taxes associated with the use of commercial property is occupancy taxes. Occupancy taxes are levied on businesses that utilize commercial spaces, often based on the amount of property they occupy or the revenue generated from that property. These taxes can vary depending on local regulations and are typically assessed to support public services, infrastructure, and local government needs.

This ties directly to commercial properties, as these spaces are often subject to specific local tax regulations designed to manage their economic impact on the community. Understanding occupancy taxes is crucial for legal managers, as they need to ensure compliance and manage the financial aspects of property use within their organizations.