Terminate housing taxes (3)

I believe the answer is:

axe

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'terminate' is the definition.
(axing is a kind of terminating)

'housing taxes' is the wordplay.
'AXE' is hidden in amongst the letters.
However, I'm uncertain how the hidden word is indicated.

Can you help me to learn more?

(Other definitions for axe that I've seen before include "Cut (jobs)" , "Cutter" , "Tool for chopping wood" , "Cancel" , "fell" .)

I've seen this clue in The Mirror.

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