The property tax is the most important source of _____ government revenue.

A) federal
B) state
C) local

Question

The property tax is the most important source of _____ government revenue.A) federalB) stateC) local

Georgia Weeks · Accepted Answer

Final Answer : C, Explanation :  The property tax is levied by local governments on real estate owned by individuals and businesses within their jurisdiction. Therefore, the property tax is the major source of revenue for local governments such as counties, cities, and special districts. Federal government revenue comes mainly from income tax and other federal taxes such as excise taxes and tariffs, while state government revenue comes from a variety of sources including income tax, sales tax, and fees. However, property tax is not the primary source of revenue for either federal or state governments.

The property tax is the most important source of _____ government revenue.

A) federal
B) state
C) local

Definitions

Learning Objectives

Learning Objectives

Related questions