Question

which type of tax is collected by the local or state government and based on the assessed value of the land that is being taxed?income taxestate taxproperty taxsales taxquestion 8which of the following is the rate paid or charged for use of money?interestdividendinvestmentcapital gains

Explanation:

1. For the first question: Property tax is levied by local/state governments, calculated based on the assessed value of real property like land.
2. For the second question: Interest is defined as the cost or rate paid/charged for the use of borrowed or lent money.

Answer:

1. Property tax
2. Interest