Property tax concepts
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In the United States, one form of property tax is the personal property tax, which can target automobiles, boats, aircraft and other vehicles; other valuable durable goods such as works of art (most household goods and personal effects are usually exempt); business inventory; and intangible assets such as stocks and bonds. The property tax is the single most important source of revenue for many local governments in many states. Some people believe that the property tax is a concept whose better days are behind it since it is somewhat difficult for it to reach everyone who uses or benefits from government services.
