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Fiesta28 [93]
2 years ago
5

What's the difference between a tax and a levy?

Business
1 answer:
cluponka [151]2 years ago
4 0

<h2><em>tax</em></h2>

  • <em><u>A tax rate is the percentage used to determine how much a property taxpayer will pay</u></em>

<h2><em>levy</em></h2>

  • <em> <u>A levy represents the total amount of funds a local unit of government may collect on a tax rate. In other words, the levy is a cap on the amount of property tax dollars a local government is allowed by law.</u></em>

<h2><em>hope</em><em> it</em><em> helps</em><em>!</em></h2>
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