_____________ is the largest sources of revenue for municipal governments. The revenue gained from this form of tax is typically used to fund the operating costs of the municipal government and the services that it provides.
A)Goods and Services Taxes
B)Individual Income Taxes
C)Property Taxes
D)Corporate Taxes

Question

Quizplus · Accepted Answer

Property taxes are the largest sources of revenue for municipal governments. These taxes are levied on properties owned by individuals and businesses within the municipality, and the revenue gained from this form of tax is typically used to fund the operating costs of the municipal government and the services that it provides. Goods and Services Taxes (A), Individual Income Taxes (B), and Corporate Taxes (D) are sources of revenue for federal and provincial governments, not municipal governments.

_____________ Is the Largest Sources of Revenue for Municipal Governments