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All of the Following Statements Are True EXCEPT

question 10

Multiple Choice

All of the following statements are true EXCEPT:


Definitions:

Property Tax

A levy on property that the owner is required to pay, usually collected by local government.

Assessed Value

The dollar value assigned to a property for purposes of measuring applicable taxes.

Property Tax

A levy imposed by a government on a property owner, based on the value of the property.

Mill Rate

The amount of property tax per $1000 value.

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