Homeowners typically pay property taxes to

reduce the amount of their mortgages.
avoid having to make a down payment.
help finance state and local governments.
help finance the campaigns of politicians.

Answers

Answer 1

Answer:

C. help finance state and local governments.

Explanation:

Answer 2

Property tax payments from homeowners normally go toward funding state and municipal governments. Option (C) is hence the appropriate response.

What is meant by a Property tax?

The term "property tax" refers to an ad valorem tax on the value of a property, and its rate is typically represented as a percentage or per mille.

The governing body of the area where the property is located is in charge of imposing the tax. Depending on the context, this might refer to a municipality, a county, a federated state, or the federal government. One property may be subject to taxation by many countries.

Real estate commonly faces a property tax. Annually or during a real estate transaction, such as with real estate transfer tax, it may be levied.

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