Question

An SFC might recommend that local bodies be allowed to levy and collect certain taxes. A common example of this is:

• A. Property tax
• B. Sales tax
• C. Income tax
• D. Vehicle tax

Answer 1

Answer:

A. Property tax

• Property tax is a significant source of "own revenue" for local bodies.

• SFCs often recommend measures to improve its collection, assessment, and administration, as it is directly tied to the local area's economic activity and property values.