Local Governments Get Most of Their Income from Property Taxes

question 51

True/False

Local governments get most of their income from property taxes.

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Definitions:

High Ethical Standards

Principles that guide individuals and organizations to conduct activities in a morally right, honest, and responsible manner.

Organisations

Groups or entities (such as corporations, nonprofits, institutions) structured to achieve specific goals through collective effort.

Accommodative Strategy

Accepts social responsibility and tries to satisfy prevailing economic, legal and ethical performance criteria.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake out of ethical or moral principles rather than because of legal requirements.