9624079
Descrição
FlashCards por JACOB FEDORCHIK, atualizado more than 1 year ago
|
Criado por JACOB FEDORCHIK
quase 7 anos atrás
|
|
| 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 |
| Mill | 1/10 of a cent or 1/1000 of a dollar. In decimal, it is .001. In application: Property tax due = mills * .001 |
| 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 | 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 |
Quer criar seus próprios Flashcards gratuitos com GoConqr? Saiba mais.