Local governments usually rely on ________ taxes to fund schools,libraries,and public services such as police and fire protection.

Question

Quizplus · Accepted Answer

Property taxes are assessed on real estate and personal property and are a major source of revenue for local governments. The revenue generated from property taxes is usually used to fund public services such as schools, libraries, police, and fire protection. Payroll taxes are collected on the salaries and wages of employees, excise taxes on specific goods and services, and value-added taxes on the value added at each stage of production and distribution of goods and services. While these taxes may also contribute to local government revenue, they are not typically used to fund schools, libraries, and other public services.

Local Governments Usually Rely on ________ Taxes to Fund Schools,libraries,and