Which, If Any, of the Following Transactions Will Decrease a Taxing

question 47

Multiple Choice

Which, if any, of the following transactions will decrease a taxing jurisdiction's ad valorem tax revenue imposed on real estate?

• A)A tax holiday is granted to an out-of-state business that is searching for a new factory site.
• B)An abandoned church is converted to a restaurant.
• C)A public school is razed and turned into a city park.
• D)A local university sells a dormitory that will be converted for use as an apartment building.
• E)None of these.

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Definitions:

High Price

A price level that is considered to be above the average or standard pricing for a product or service in the marketplace.

Maximized Profits

The situation in which a firm or business achieves the highest possible profit level given its production costs and market conditions.

Davy Crockett Figurines

Collectible items representing the historical figure Davy Crockett, often sought after by collectors and enthusiasts.

Handmade

Items or products made manually by hand rather than produced by machines, often implying craftsmanship and uniqueness.