Property taxes are predominantly collected by local governments, such as counties and municipalities, and serve as a major source of revenue for these entities. They are used to fund local services like public schools, police and fire departments, and local infrastructure.

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Property Taxes Are

Question 259

Multiple Choice

Property taxes are

A) collected primarily at the federal level.
B) the largest source of tax revenue for local governments.
C) the primary source of federal revenue-sharing funds.
D) used primarily by states to finance state welfare programs.

Correct Answer: