Property taxes are

A) collected primarily at the federal level.
B) the largest source of tax revenue for local governments.
C) the primary source of federal revenue-sharing funds.
D) used primarily by states to finance state welfare programs.

Property Taxes

Levies on property owned by individuals or entities, typically based on the property's value, and used as revenue for local governments.

Tax Revenue

The income that is gained by governments through taxation, used to fund public services, infrastructure, and government operations.

Local Governments

Administrative bodies governing areas within a country below the level of the state or national government.