Question

Which of the following is a benefit to the local taxing authorities to taxing property?

a. Property tax revenue is not predictable
b. Property taxes are higher than income taxes
c. Property tax revenue is predictable
d. Property tax can be raised at any time

Answer 1

One benefit to local taxing authorities of taxing property is that property tax revenue is predictable.

Step-by-step explanation:

One benefit to local taxing authorities of taxing property is that property tax revenue is predictable. Unlike other taxes that may fluctuate depending on economic conditions, property tax revenue remains relatively stable because it is based on the value of real estate. This allows local governments to better plan and budget for their expenses.