39861644
Beschreibung
Karteikarten von DANIEL OLDHAM, aktualisiert vor 4 Monate
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Erstellt von DANIEL OLDHAM
vor 4 Monate
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| Frage | Antworten |
| Assessed value | Value of a property that an assessor sets (usually a percent of property's market value) that is used in calculating property taxes. |
| Excise tax | Tax that government levies on particular products and services. Tax on specific luxury items or nonessentials. |
| Mill | 1/10 of a cent or 1/1,000 of a dollar (.001 in decimal form). |
| Personal property | Items of possession, like cars, home, furnishings, jewelry, and so on. These are taxed by the property tax (don't forget real property is also taxed). |
| Property tax | A tax that raises revenue for school districts, cities, counties, and the like. |
| Real property | Land, buildings, and so on, which are taxed by the property tax. |
| Sales tax | Tax levied on consumers for certain sales of merchandise or services by states, counties, or various local governments. |
| Tax rate | Budget needed / Total assessed value. |
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