Flashcards
Chapter 19
Cards in this deck (4)
- 1Sales taxTax levied on consumers for certain sales of merchandise or services by states, counties, or various local governments, 505.
- 2Excise taxTax that government levies on particular products and services. Tax on specific luxury items or nonessentials, 507.
- 3Assessed valueValue of a property that an assessor sets (usually a percent of property’s market value) that is used in calculating property taxes, 508, 509.
- 4Property taxTax that raises revenue for school districts, cities, counties, and the like, 509.