contestada

Which of the following is the largest source of revenue for local governments

A sales taxes

B property taxes

C individual income taxes

D corporate income taxes

Respuesta :

lightsaber

Property taxes are usually the largest source of revenue for local governments.

Property taxes account for a large portion of revenue, typically 35%. Depending on the state or territory, natrual resources could also account for a big portion of income for local governments.

Lots of states have an overabundance of natrual resources, which is used to their advantage to collect more profit. But the majority of states don't have an overabundance of a single resource, which is why property taxes are usually the largest source of revenue for local governments.  

ayokenny2001

The largest source of revenue for local governments is  property taxes

Local government revenue comes from property, sales, and other taxes; charges and fees; and transfers from federal and state governments.

However, property taxes account for major chunk of revenue accrued to local governments which are primarily levied on immovable property like land and buildings, as well as on tangible personal property that is movable.

Although, depending on the state or territory, natural resources could also account for a big portion of income for local governments but this is not so as majority of states don't have overabundance of a single resource.

Learn more at : https://brainly.com/question/14971947

Otras preguntas