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The primary source of revenue for local governments is the property tax.
Revenue
The cumulative revenue produced from transactions involving the main business activities, such as selling goods or services.
Local Governments
Public administrations operating at the municipal, township, county, or regional level that manage local affairs, regulations, and services.
Property Tax
A levy on property that the owner is required to pay, with the amount usually based on the property's value.
- Discern the rudiments of taxation and their efficacy in public funding mechanisms.
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Learning Objectives
- Discern the rudiments of taxation and their efficacy in public funding mechanisms.
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