Real Property Tax Stipulations

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Real Property Tax Stipulations

Major Tax Structures: Property Taxes
Case: The real property tax is based on property values, not the income of holders of the real estate. As the story reported here demonstrates, this situation can create some difficult issues when real estate values are increasing rapidly

1. Explain how you would quantify the amount or percentage of property tax revenue that comes from owners of Habitat for Humanity houses in a particular municipality.

2. Provide two (2) arguments in favor of giving a property tax break to owners of Habitat for Humanity houses.

3. Provide two (2) arguments opposing giving a property tax break to owners of Habitat for Humanity houses.

4. Determine the best way to resolve the problem described in the case.

Explanation & Answer

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