Which of the following is true regarding real property taxes and personal property taxes?
A) Personal property taxes are assessed on permanent structures and land
B) Real property taxes are assessed on cars and boats
C) All U.S. states currently impose personal property taxes
D) Real property taxes are generally easier to administer than personal property taxes
E) None of these is true

Question

Quizplus · Accepted Answer

Real property taxes are generally easier to administer because they are based on fixed assets like land and buildings, which are easier to track and assess compared to personal property like vehicles and boats.

Which of the Following Is True Regarding Real Property Taxes