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Q: What statement about property taxes is true?
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Is this statement true or falseThis following statement is an example of the Multiplication Property of Inequality?

true


What is the property of x equals 29?

A statement which may be True or False.


Is this statement true or falseMOP is an example of the Reflexive Property of Similarity?

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Which statement is true of federal taxes?

the government may not impose a tax on church services.


Taxes on most personal property are seldom collected because of the problem of valuation?

True


Which statement regarding state income tax is not true?

State income taxes apply only to individuals.


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What is the primary source of income for counties and municipalities in Georgia?

Property taxes


Local government budgets rely primarily on what kind of taxes?

Property Taxes


If a property is sold who pays the property taxes?

The seller is responsible for all property taxes assessed for the period through the date of sale. The buyer is responsible for all property taxes thereafter. Remember in most states that property tax is paid in arrears which means you are paying for a time period of 3-6 months prior to the current date. On a HUD 1 closing statement those time periods and costs are clearly shown.


What property is taxed?

Property taxes are taxes on the value of owned property. Sometimes they are classified as either specific or ad. Property Specific taxes are of a fixed amount based on a number, or standard of weight or measurement. Ad property taxes are based on a fixed proportion of the value of the property with respect to which the tax is assessed.


Can I deduct the price of my property rental from my taxes?

If you are the one renting the property you can not deduct this from your taxes. If you are the landlord you can receive a deduction on your taxes for owning the property.