Today, Property Taxes Represent the

question 18

Multiple Choice

Today, property taxes represent the

• A)largest source of local government revenues.
• B)smallest component of New Hampshire's tax revenues and the largest part of those revenues in Alabama.
• C)preferred way of collecting taxes in local government because of the ease with which they are administered.
• D)largest source of state government revenues.

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Definitions:

Rate of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.

Consumer Price Index

A gauge that calculates the mean variation in time of the prices urban consumers pay for a selection of consumer products and services.

Real Rate of Return

The annual percentage return realized on an investment, adjusted for changes in price due to inflation or other external effects.

Portfolio Value

The total worth of all the financial investments held by an individual or institution.