Which of the following is a major source of revenue for local governments?
A)Real estate property tax
B)Excise tax
C)Estate tax
D)Inheritance tax
E)Social Security tax

Question

Quizplus · Accepted Answer

Real estate property tax is a major source of revenue for local governments, as it is typically levied on homes, buildings, and land within their jurisdictions. This tax is used to fund local services such as schools, roads, and emergency services.

Which of the Following Is a Major Source of Revenue