Ad valorem tax on real estate


Which, if any, of the following would tend to decrease the ad valorem tax on real estate?

a. An abandoned church building is sold to a restaurant chain.

b. A tax holiday issued to a manufacturing plant expires.

c. An office building is converted into condominium units to be sold to senior citizens.

d. A portion of a city park is sold to a car dealership.

e. None of the above.

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Accounting Basics: Ad valorem tax on real estate
Reference No:- TGS052113

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