- What is a parcel tax? a) a fee charged for delivery of packages from out of state b) same as a bond c) a form of property tax d) a, b, and c
- What is a parcel? a) a commercial property b) a single family home c) an apartment complex d) a, b, and c
- A parcel tax is assessed a) based on the assessed value of the property b) based on the characteristics of the parcel c) neither d) both
- A parcel tax may be imposed by a) a city/county b) a special district c) a school district d) a, b, and c
- True or False: Parcel tax revenues can be used for any type of spending, including salaries, benefits and pensions.
I’ll post the answers tomorrow.
ANSWERS:
- c) a form of property tax, very different from a bond. They are assessed differently, and bonds are actually tax deductible, while parcel taxes are not.
- d) a, b, and c – a parcel tax covers any privately owned property. But, according to Ballotpedia, different types of parcels can be assessed differently. ” A parcel tax rate can differ based on the type of property. For instance, improved and unimproved properties may have different rates, and residential and commercial properties may also have different rates.”
- b) based on the characteristics of the parcel – parcel taxes are “assessed at a rate based on the characteristics of a parcel—or unit of property—rather than a rate based on the assessed value of the property, which is the standard method of levying property taxes,” such as bonds.
- d) a, b, and c – any special district, including Chico Area Recreation District. Look at your Butte County prop tax bill – did you know you’re already paying an assessment for the mosquito district?
- True: Parcel tax revenues can be used for any type of spending, including salaries, benefits and pensions.
If you got less than three of these right you should probably study up, a good place to start is wikipedia:
https://en.wikipedia.org/wiki/Parcel_tax
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