Ask Question
14 June, 12:59

A special assessment tax is a tax levied against specific properties that will benefit from a public improvement. It is only levied upon the properties that will receive a benefit form the improvement, such as adding street lighting to a particular street. Which houses would be assessed for the special assessment tax in this case?

+4
Answers (1)
  1. 14 June, 15:58
    0
    It would take the form of a tax on houses in a small neighborhood, to pay for the new street lamps in that area.

    Explanation:

    Special taxes are taxes that have a specific application since they affect only a certain group of goods and services that, given their characteristics or effects, are chosen by the government or the tax authority to be subject to a particular tax.

    Special taxes are indirect taxes that are applied to the consumption of certain goods or services (such as alcohol or hydrocarbons). They are linear in relation to disposable income.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A special assessment tax is a tax levied against specific properties that will benefit from a public improvement. It is only levied upon ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers