In what situation can property tax become a regressive tax? When the property owner starts living on a fixed income and property taxes stay the sam When the property owner starts living on a fixed income and property taxes decrease O When the property owner starts living on a fixed income and property taxes increase O When the income of the property owners is increasing
In what situation can property tax become a regressive tax? When the property owner starts living on a fixed income and property taxes stay the sam When the property owner starts living on a fixed income and property taxes decrease O When the property owner starts living on a fixed income and property taxes increase O When the income of the property owners is increasing
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.10P
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![In what situation can property tax become a regressive tax?
O When the property owner starts living on a fixed income and property taxes stay the same
When the property owner starts living on a fixed income and property taxes decrease
O When the property owner starts living on a fixed income and property taxes increase
When the income of the property owners is increasing](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa369bb60-cdd2-450e-9056-e03a91b5ded4%2F0b4ddf7c-0eb8-44a1-b800-ccf417ab93af%2F8add9oi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In what situation can property tax become a regressive tax?
O When the property owner starts living on a fixed income and property taxes stay the same
When the property owner starts living on a fixed income and property taxes decrease
O When the property owner starts living on a fixed income and property taxes increase
When the income of the property owners is increasing
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