Flashcards
Key Terms: Chapter 19 Sales, Excise, & Property Taxes
Cards in this deck (7)
- 1Assessed ValueValue of a property that an assessor sets (usually a percent of property’s market value) that is used in calculating property taxes
- 2Excise TaxTax that government levies on particular products and services. Tax on specific luxury items or nonessentials
- 3Personal PropertyTax that raises revenue for school districts, cities, counties, and the like
- 4Property TaxTax that raises revenue for school districts, cities, counties, and the like
- 5Real PropertyTax that raises revenue for school districts, cities, counties, and the like
- 6Sales TaxTax levied on consumers for certain sales of merchandise or services by states, counties, or various local governments
- 7Tax RateTax as a Percent
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- Key Terms for Chapter 19 Sales, Excise, & Property Taxes
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- Kyra Louthan
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