Responses
Property tax is a proportional tax paid to a state government based on the market value of the property being taxed.
Property tax is a proportional tax paid to a state government based on the market value of the property being taxed.
Property tax is a proportional tax paid to a local government based on the assessed value of the property being taxed.
Property tax is a proportional tax paid to a local government based on the assessed value of the property being taxed.
Property tax is a flat fee each property owner pays to a local government each year.
Property tax is a flat fee each property owner pays to a local government each year.
Property tax is a progressive tax paid to the federal government based on the assessed value of the property being taxed.
1 answer
The statement that best describes how property tax is collected is:
Property tax is a proportional tax paid to a local government based on the assessed value of the property being taxed.
This reflects the typical structure of property taxes, which are generally levied by local governments (like counties or municipalities) and are based on the assessed value of the property rather than its market value.
