5
lesson pretestMultiple Choice

Pretest

Question 5 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

Property taxes are based on

Answer
A
where a property is located.
B
when a property was purchased.
C
how much a property is worth.
D
who lives on a property.

Explanation

Property taxes are generally calculated using the assessed value of a property. A more valuable property typically has a higher tax bill, so the correct choice is “how much a property is worth.”

AI-written and checked against the verified answer.

Previous
Next