Real property tax stipulations


Case: The real property tax is based on the property values, not the income of holders of the real estate. As the story reported here explains, this situation can make some difficult issues when real estate values are rising rapidly.

1) Describe how you would quantify the amount or percentage of property tax revenue which comes from owners of Habitat for Humanity houses in a specific municipality.

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

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

4) Find out the best way to resolve the problem explained in the case.

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Other Subject: Real property tax stipulations
Reference No:- TGS034513

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