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  • 20-12-2015
  • Business
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Local governments receive most of their money from what two kinds of taxes?

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taskmasters
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  • 20-12-2015
The local government receive most of their money from Real Estate Property Tax and Personal Property Tax.

Real Estate Property are properties that are immovable. This includes land, building, and all improvements (fixtures) that cannot be removed without damage to the property.

Real Estate Property Tax is levied on homes, farms, business properties, and most other real property.

Personal Property are properties that are movable. Examples are vehicles (cars, van, SUV)


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