How is a property tax similar to and different from an income tax?

2 answers:

7 0

Answer:Property tax is an ad valorem tax assessed on real estate by a local government and paid by the property owner. Income tax is tax levied by a government directly on income, especially an annual tax on personal income. Both pay the government but one is for their land and the other is for money they make.

Step-by-step explanation:

Kamila [148]4 years ago

7 0

Answer:

Property tax is an ad valorem tax assessed on real estate by a local government and paid by the property owner. Income tax is tax levied by a government directly on income, especially an annual tax on personal income. Both pay the government but one is for their land and the other is for money they make

Step-by-step explanation:

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