A Property Tax I.is Levied on the Value of Property

question 113

Multiple Choice

A property tax
I.is levied on the value of property.
II.is referred to as ad valorem.
III.on personal property is more common than a tax on real property.
IV.is based upon assessed value rather than actual transactions.
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• A)Only statement I is correct.
• B)Statements II and III are correct.
• C)Statements I, II, and IV are correct.
• D)Statements I, II, III, and IV are correct.

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