A local business owner is running for political office in the local government. Her campaign is based around abolishing all property tax. What is a possible issue with her promise? Would it be possible to keep that promise despite the issue?(1 point) Responses Property taxes are mandated by the federal government. Although local governments gain a large portion of their income from property taxes, they do not have the authority to cancel those taxes. She cannot keep her promise. Property taxes are mandated by the federal government. Although local governments gain a large portion of their income from property taxes, they do not have the authority to cancel those taxes. She cannot keep her promise. Property tax accounts for a large portion of most local government revenue (26%, on overage, across the nation). In order to keep her promise, she would need to find a way to make up for that lost revenue. Property tax accounts for a large portion of most local government revenue (26%, on overage, across the nation). In order to keep her promise, she would need to find a way to make up for that lost revenue. Property tax accounts for a small portion of most local government revenue (2%, on overage, across the nation). Although she would need to find a way to make up for that lost revenue, it would not be a severe issue because property taxes accounts for such a small portion of revenue for most local governments. Property tax accounts for a small portion of most local government revenue (2%, on overage, across the nation). Although she would need to find a way to make up for that lost revenue, it would not be a severe issue because property taxes accounts for such a small portion of revenue for most local governments. Property taxes are mandated by most state governments (41 out of 50 states). Although local governments gain a large portion of their income from property taxes, unless she lives in one of the 9 states without mandated property taxes, the local government does not have the authority to cancel those taxes. She might not be able to keep her promise.

Property taxes are mandated by most state governments (41 out of 50 states). Although local governments gain a large portion of their income from property taxes, unless she lives in one of the 9 states without mandated property taxes, the local government does not have the authority to cancel those taxes. She might not be able to keep her promise.