The amount of real estate taxes is generally based upon:
A) the value of the property.
B) the original purchase price of the property.
C) the use of the property.
D) the depreciated value of the property.

Question

Quizplus · Accepted Answer

Real estate taxes are generally based on the value of the property, also known as the assessed value. The assessed value is determined by the local government and is typically a percentage of the market value of the property. The higher the value of the property, the higher the real estate taxes will be.

The Amount of Real Estate Taxes Is Generally Based Upon