Property taxes are typically determined based on the monetary value of the property.
<h3>What is taxation?</h3>
Taxation is the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
<h3>The types of tax.</h3>
In Economics, there are different types of tax levied on individuals or business firms by the government, and these include the following:
In conclusion, it is important to note that property taxes are typically determined based on the monetary value of the property.
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