Which of the following is true regarding real property taxes and personal property taxes?
A)Personal property taxes are assessed on permanent structures and land.
B)Real property taxes are assessed on cars and boats.
C)All U.S. states currently impose personal property taxes.
D)Real property taxes are generally easier to administer than personal property taxes.
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

Real property taxes are generally easier to administer than personal property taxes because real property (land and buildings) cannot be moved or hidden, making it simpler to assess and tax. Personal property (like cars and boats) can be more easily moved, hidden, or underreported, making the administration and accurate assessment more challenging.

Which of the Following Is True Regarding Real Property Taxes