Which of the following is true regarding real property taxes and personal property taxes?
A) All U.S. states currently impose personal property taxes.
B) Personal property taxes are assessed on permanent structures and land.
C) Real property taxes are assessed on cars and boats.
D) Real property taxes are generally easier to administer than personal property taxes.
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

Real property taxes are generally easier to administer than personal property taxes because real property is immovable and its location and value are easier to assess and track compared to personal property, which can be moved and is more difficult to assess consistently.

Which of the Following Is True Regarding Real Property Taxes