164k views
0 votes
The amount of property tax a citizen must pay is based on the income of the property owner. value of the citizen’s property. willingness of the citizen to pay. way a local government is set up.

User Mimouni
by
4.3k points

1 Answer

6 votes

Answer:

Step-by-step explanation:

State law requires that assessors appraise property at 100 percent of its true and fair market value in money, according to the highest and best use of the property. Fair market value, or true value, is the amount of money that a willing and unobligated buyer is willing to pay a willing and unobligated seller.

User Brendan Maguire
by
5.0k points