Answer: D. Property
Explanation: Property tax is a tax assessed on real estate by a local government, usually based on the value of the property. The owner of the property is required to pay the tax annually or as per the schedule determined by the local government.
Property tax is a popular way for local governments to generate revenue because it is a stable source of income that is not affected by fluctuations in the economy. Unlike sales tax or excise tax, which are based on consumption, property tax is based on ownership and is assessed on a regular basis. Additionally, it is easier to determine the value of a property than to determine the value of a person's income or the goods they purchase.
Therefore, property tax is the most common type of tax that people pay to their local government to support various public services such as schools, parks, roads, and public safety.