The ______________ property tax is based on the value of land and buildings at some point in time.

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Real estate property tax is based on the value of land and buildings at some point in time. Personal property taxes are based on the value of movable property such as cars, boats, and furniture. Direct taxes are taxes that are directly imposed on individuals or entities. Proportional taxes are taxes that take a flat percentage of income or value, while regressive taxes take a larger percentage of income or value from lower-income individuals or entities.

The ______________ Property Tax Is Based on the Value of Land