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    Essentials of Accounting Study Set 2
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    Ad Valorem Property Taxes Depend on Two Factors
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Ad Valorem Property Taxes Depend on Two Factors

Question 139

Question 139

True/False

Ad valorem property taxes depend on two factors:
the assessed valuation of the property being taxed and the tax rate.

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