Local governments depend heavily on property taxes for their revenues, while state governments depend largely on sales taxes and special taxes, such as those on tobacco products.

Question

Quizplus · Accepted Answer

This statement is true. Local governments typically rely on property taxes as a major source of revenue while state governments often rely more on sales taxes and other types of taxes like excise taxes on tobacco and alcohol.

Local Governments Depend Heavily on Property Taxes for Their Revenues