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Question

Give an example of property tax.

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Solution

A personal property tax is a levy imposed on a person's property.
These may include such items as:
  • Motor vehicles.
  • Boats.
  • Trailers.
  • Mobile homes.
  • Aircraft.
  • Farm equipment and machinery.
  • Supplies not included in the inventory.
  • Movable machinery, equipment, and tools.

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