With respect to real property taxes: (1) explain assessed value; (2) explain the similarities and...
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Accounting
With respect to real property taxes: (1) explain assessed value; (2) explain the similarities and differences between a tax exemption and a tax credit; and (3) discuss what factors a government would consider in deciding whether to offer a tax exemption or tax credit and, if so, how it decides which abatement method to use
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