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:

Wage Increase

An upward adjustment in the amount of compensation employees receive for their work, often aimed at keeping up with inflation or recognizing increased productivity.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at various prices.

Italian Soccer Player

An individual of Italian nationality or descent who plays the sport of soccer professionally.

Soccer

A sport involving two teams of eleven players each, where the objective is to score by getting a ball into the opposing team's goal.