Property tax revenue is considered available if it is received no more than 30 days after the fiscal year end.

Name: Property tax revenue is considered available if it is received no more than 30 days after the fiscal year end.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property tax revenue is an imposed nonexchange transaction. Property taxes collected within 60 days after the end of the fiscal year may be deemed to be available and recorded as revenue in the year assessed, rather than the year collected.

Property Tax Revenue Is Considered Available If It Is Received