The property tax in the United States is likely to reduce the equilibrium return to investment.

Question

Quizplus · Accepted Answer

Property tax is a form of tax imposed on real estate by the government. It increases the cost of owning and maintaining a property, which reduces the net return on investment. As a result, property owners may demand a higher return to investment to compensate for the additional costs, leading to a decrease in the equilibrium return to investment.

The Property Tax in the United States Is Likely to Reduce