Flashcards
Chapter 19 Vocab
Cards in this deck (8)
- 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.
- 3Milli-Prefix indicating .001 of basic metric unit
- 4Personal PropertyItems 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).
- 5Property TaxA tax that raises revenue for school districts, cities, counties, and the like.
- 6Real PropertyLand, buildings, and so on, which are taxed by the property tax.
- 7Sales TaxTax levied on consumers for certain sales of merchandise or services by states, counties or various local governments.
- 8Tax RateBudget needed/ Total assessed value
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- Accounting Flashcards on Chapter 19 Vocab, created by Courtney Oldham on 22/07/2017.
- Created by
- Courtney Oldham · Jul 2017
- Updated
- Jul 22, 2017
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