A yearly tax on homes, land, and other property that helps pay for local needs such as schools, firefighters, etc.

A yearly tax on homes, land, and other property that helps pay for local needs such as schools, firefighters, etc.

• A. Sales Tax
• B. Income Tax
• C. Property Tax
• D. Payroll Tax

Answer: (C)

Property taxes are yearly charges based on the value of homes, land, and other property. Local governments set a tax rate and apply it to what your property is worth, and the money collected pays for local services that affect your community—things like schools, firefighters, police, and public works. This is why the description fits property tax: it’s a tax tied to property value that funds local needs. Other taxes listed work differently. A sales tax is charged on goods and services you buy, not on your property. An income tax is taken from the money you earn as income. A payroll tax is deducted from wages to fund programs like Social Security and Medicare. Each serves a different purpose and is not the yearly charge on property used for local services.

Property taxes are yearly charges based on the value of homes, land, and other property. Local governments set a tax rate and apply it to what your property is worth, and the money collected pays for local services that affect your community—things like schools, firefighters, police, and public works. This is why the description fits property tax: it’s a tax tied to property value that funds local needs.

Other taxes listed work differently. A sales tax is charged on goods and services you buy, not on your property. An income tax is taken from the money you earn as income. A payroll tax is deducted from wages to fund programs like Social Security and Medicare. Each serves a different purpose and is not the yearly charge on property used for local services.