Poor homeowners and renters generally pay more of their income in property tax than do the wealthy.

Name: Poor homeowners and renters generally pay more of their income in property tax than do the wealthy.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Property tax is often calculated as a percentage of the value of the property. As a result, poorer homeowners and renters who have properties with lower values, end up paying a larger proportion of their income towards property tax compared to the wealthy who have higher valued properties.

Poor Homeowners and Renters Generally Pay More of Their Income