Property taxes are paid to which levels of government?

A. Federal government only
B. Local and state governments only
C. Local and federal governments only
D. State and federal governments only

Select the best answer:
A
B
C
D

Question

13-06-2024
Social Studies

Answered

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Property taxes are paid to which levels of government?

A. Federal government only
B. Local and state governments only
C. Local and federal governments only
D. State and federal governments only

Select the best answer:
A
B
C
D

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-13T22:54:34-04:00

Final answer:

Property taxes are paid to local government, while state and federal governments rely on other types of taxes for revenue.

Explanation:

Property taxes are paid to local government. They are imposed on the value of real estate and contribute significantly to the revenue of local governments.

State governments, on the other hand, rely more on sales taxes and state income taxes. Local governments mainly depend on property taxes, while state governments collect income taxes.

Federal government does not directly receive property taxes; they primarily depend on sources like national income tax to fund government activities and policies.

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