10 Questions
Which assumption does the Benefit view of the property tax rely on?
People and businesses will move to locations with an appropriate mix of services
What is the most significant source of own-source revenue for local governments in the U. S.?
Property tax
Which statement is true regarding excise taxes, such as those on tobacco, alcohol, and gasoline?
They tend to be highly regressive
Which statement is true regarding user fees?
The payer usually receives a specific related benefit
Why is it important to combine state and local revenue when comparing state fiscal structures?
Fiscal responsibilities are handled at different levels (state or local) in different states
Which of the following is a common exemption to the sales tax base?
Prescription drugs
Which statement is true regarding state and local income tax?
It is closely related to ability-to-pay systems and are usually progressive
Which of the following is a common revenue use for state and local excise taxes on gasoline?
Road and highway maintenance/improvements
Which level of government provides the majority of public elementary and secondary school funding?
State
When providing data to help inform policymakers, assessing officers should rely on property tax and valuation data that are generally available from which source?
Local or regional assessment and tax authorities
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
