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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.
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.
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.
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.
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.
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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 statement accurately describes the fundamental differences between the two types of taxes based on the basis of assessment.
