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Josefa made many purchases in the past year. For which purchase would Josefa have to pay property tax? land clothing groceries insurance

Question

Josefa made many purchases in the past year.
For which purchase would Josefa have to pay property tax?
land
clothing
groceries
insurance

Josefa made many purchases in the past year. For which purchase would Josefa have to pay property tax? land clothing groceries insurance

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GeorgiaMaster · Tutor for 5 years

Answer

land

Explain

## Step1: Understand the nature of property tax. Property tax is a tax assessed on real estate by the local government. It is based on the value of the property, including the land.<br /><br />## Step2: Review the options given in the question to identify which purchase falls under the category of real estate or includes land.<br /><br />- Land: This is directly related to real estate.<br />- Clothing: This is a personal item and does not include real estate.<br />- Groceries: These are consumable items and do not include real estate.<br />- Insurance: This is a financial product and does not include real estate.<br /><br />## Step3: Match the purchase that would require the payment of property tax based on the definition provided in Step1.<br /><br />- The purchase of land is the only option that directly relates to real estate, and therefore, would require the payment of property tax.<br /><br />### **The key formula or concept here is understanding that property tax is directly related to real estate ownership, particularly land.**
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