From the book "Budgeting for Local Governments and Communities" Discuss the role of property taxes in local government budgeting. Describe the different types of property taxes and current trends/methods typically used to assess property taxes. What are the benefits of the property tax versus other types of taxes (if the property tax is indeed more beneficial)? Support your observations from the text and, if appropriate, cite other references or news articles that you might find of relevance.

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Property taxes play a crucial role in local government budgeting by providing a stable and significa... View the full answer