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Of the following taxes, what is the name for the taxes that all homeowners must pay? A) Sales Tax B) Income Tax C) Excise Tax D) Property Tax this is for econ.

Curtis Rhodes

in Social studies

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Daniel King on January 27, 2019

The correct answer is D. Property tax is a real state tax, local governments collect from the property owners. Usually it is calculated from the total value of the underlying assets. The money raised is used by the authorities of the city to pay for the water and sewer supply, fire services, and other services that can be enjoyed by the owners of the property.


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