If you own a house worth $200,000, you will pay more in income property taxes than if your house is worth $100,000. This is because the property tax is a(n) _______ tax.

Name: If you own a house worth $200,000, you will pay more in income property taxes than if your house is worth $100,000. This is because the property tax is a(n) _______ tax.
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Quizplus · Accepted Answer

Property tax is an ad valorem tax, meaning it is based on the value of the property. The more valuable the property, the higher the tax.

If You Own a House Worth $200,000, You Will Pay