0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What type of tax is the chief source of income for local governments today?
Property(Kaylop)
What is the largest source of revenue for states?
sales tax,property taxes and intergovernmental revenre
A tax on real estate or personal property?
Property tax
Is property tax considered a direct tax?
property tax is considered as direct tax effect of property tax directly falls to the owner.
What is the most important source of local tax revenue?
One of the most important sources of local tax revenue is property taxes. Every home owner in a municipality has to pay property taxes every year. These taxes help fund things like police salaries and schools.
A tax on the ownership of land or buildings is what type of tax?
Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.
What is the tax benefit of a car donation?
Not everyone can get a tax benefit and if you do the amount can vary.
Is property tax direct or indirect tax?
A property tax (or millage tax) is levied on the value of property, an ad valorem tax that the owner is required to pay. It is a direct tax.
Meaning of advalorem?
Ad Valorem tax is tax that is based on the assessed value of personal property or real estate. They are the major source of revenue for state and municipal governments.
Who pays the property tax if the property is used as commercial?
The state pays the property tax.
Where can I find information on how much my property tax is?
You can check out the information at your local tax office, you can find out about your property. The tax is made up of the property values in your state and in your area which determines your property tax.
How do you Save My Property Tax in Michigan?
If you own a property and if you feel that your property is overtaxed. Then the best way is property tax appeal. You can even hire a Property tax lawyer who can help you to reduce your property taxes.
