Which of the following taxes is generally the most significant source of revenue for local governments?

Question

Quizplus · Accepted Answer

Real property tax is generally the most significant source of revenue for local governments. It is a tax on land, buildings, and other fixed assets, and is assessed based on the value of these properties. Employment and income taxes are usually collected at the state or federal level, and are not as significant for local governments.

Which of the Following Taxes Is Generally the Most Significant