Property taxes are usually assessed by county or city governments based on a company's

Name: Property taxes are usually assessed by county or city governments based on a company's
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Question

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Property taxes are assessed based on the value of the physical assets a company owns, including land, buildings, and other assets. The other options (owners' equity, cash-basis net income, and accrual-basis net income) are not relevant factors in determining property tax assessments.

Property Taxes Are Usually Assessed by County or City Governments