Which statement best compares sales tax and property tax?(1 point) Responses Sales tax is not charged at the state level in Texas, only local tax, but property tax is charged at the state level. Sales tax is not charged at the state level in Texas, only local tax, but property tax is charged at the state level. Sales tax and property tax are only charged at the local level in the state of Texas. Sales tax and property tax are only charged at the local level in the state of Texas. Both sales tax and property tax are a charge to regain the loss of the cost of a government service. Both sales tax and property tax are a charge to regain the loss of the cost of a government service. Sales tax requires a payment of a percentage of a good’s value, and property tax requires payment of a percentage of a property’s value.
1 answer
The statement that best compares sales tax and property tax is: Sales tax requires a payment of a percentage of a good’s value, and property tax requires payment of a percentage of a property’s value.
This comparison highlights the key difference in how each tax is calculated and what it is applied to, making it the most informative choice among the options provided.
