What is a property tax? (1 point)
o A fee paid to a local government as a percentage of wages earned in the
municipality.
o A tax paid to a state government that is a percentage of a luxury good, such as
expensive automobiles and yachts.
O A levy paid to a local government by a landowner, a homeowner, or a business
that owns real estate.
O A fee paid to a local or state government as a percentage of income earned from investments, dividends, and interest.