Which of the following taxes is a significant source of revenue for local governments?

Question

Quizplus · Accepted Answer

Real property tax is a significant source of revenue for local governments as it is a tax on land and any permanent improvements made to it, such as buildings. This tax is collected annually, and the revenue generated from it is used to fund local government services such as schools, roads, and public safety. Employment tax and income tax are typically collected at the state or federal level and are not significant sources of revenue for local governments.

Which of the Following Taxes Is a Significant Source of Revenue