Question

Of the following taxes, what is the name for the taxes that all homeowners must pay?

A) Sales Tax


B) Income Tax


C) Excise Tax


D) Property Tax
this is for econ.

Answer 1

D Property Tax
A property tax is a value of a property. The tax is levied by the governing authority of the jurisdiction in which the property is located.

Answer 2

The correct answer is D.

Property tax is a real state tax, that local goverments collect from property owners. It is usually calculated from the total value of the underlying property. The money collected is used by the town authorities to pay for water and sewer provision, fire services, and other services that will be enjoyed by property owners.