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  • This tax is based upon the value of land and buildings.
Multiple choice

This tax is based upon the value of land and buildings.

  1. real estate and property tax

  2. income tax

  3. sales tax

  4. gift tax

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Real estate and property taxes are levied by governments based on the assessed value of land and the structures built upon it.

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