Which term refers to the power of the state to impose taxes on property?

The term that refers to the power of the state to impose taxes on property is taxation. Taxation is a key function of government that allows it to generate revenue necessary for public services and infrastructure. It represents the legal authority granted to the state to assess and collect taxes based on the value of property holdings.

While police power refers to the state's regulatory power to safeguard public health, safety, and morals, and eminent domain pertains to the government's ability to take private property for public use with compensation, ownership is simply the rightful possession of property. Taxation specifically captures the concept of the state's financial authority over property, making it the correct choice in this context.