Property tax is a tax based on the assessed value of property, generally collected at the national level as a primary source for government spending.

Name: Property tax is a tax based on the assessed value of property, generally collected at the national level as a primary source for government spending.
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Question

Property tax is a tax based on the assessed value of property, generally collected at the national level as a primary source for government spending.​

Quizplus · Accepted Answer

Property tax is typically levied at the local level (e.g., by counties, cities, or towns) to fund local services such as schools, road maintenance, and emergency services.

Property Tax Is a Tax Based on the Assessed Value