Question

What is called Property tax?

Answer 1

Answer:

Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. Most commonly, property tax is a real estate ad-valorem tax, which can be considered a regressive tax. It is calculated by a local government where the property is located and paid by the owner of the property.

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Answer 2

Answer:

Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation.

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Explanation:

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