The tax that is a major source of revenue for local governments is called a(n)

Name: The tax that is a major source of revenue for local governments is called a(n)
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Real estate tax, also known as property tax, is a major source of revenue for local governments. It is based on the assessed value of a property and is typically paid annually by the property owner. This tax is used to fund many local services such as schools, public works projects, and emergency services.

The Tax That Is a Major Source of Revenue for Local