9617719
Descrição
FlashCards por Courtney Oldham, atualizado more than 1 year ago
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Criado por Courtney Oldham
quase 7 anos atrás
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| Questão | Responda |
| Assessed Value | Value of a property that an assessor sets (usually a percent of property's market value) that is used in calculating property taxes. |
| Excise Tax | Tax that government levies on particular products and services. Tax on specific luxury items or nonessentials. |
| Milli- | Prefix indicating .001 of basic metric unit |
| Personal Property | Items 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). |
| Property Tax | A tax that raises revenue for school districts, cities, counties, and the like. |
| Real Property | Land, buildings, and so on, which are taxed by the property tax. |
| Sales Tax | Tax levied on consumers for certain sales of merchandise or services by states, counties or various local governments. |
| Tax Rate | Budget needed/ Total assessed value |
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