Question

Which type of tax is based on the retail price of goods owned, possessed, or consumed within a state that were NOT purchased within the state?

Answer 1

The type of tax that is based on the retail price of goods owned, possessed, or consumed within a state that were not purchased within the state is known as property tax.

What is a tax?

It should be noted that a tax simply means a compulsory levy that's paid by individuals and businesses to the government.

In this case, the type of tax that is based on the retail price of goods owned, possessed, or consumed within a state that were not purchased within the state is known as property tax.

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