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Local Property Taxes Are a

Question 99

Multiple Choice

Local property taxes are a


A) Regressive tax because poorer people spend a larger portion of their income on property taxes.
B) Progressive tax because as income increases people tend to buy more expensive houses.
C) Progressive tax because the total tax on housing increases as the price of the house increases.
D) Proportional tax because properties are taxed at the same rate regardless of the value of the home.

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