>>> [EMAIL PROTECTED] 07/29/02 12:17PM >>> Do state and the federal govt. pay property taxes to local governments in the US? Or, do they pay a grant in lieu of property taxes (as in Canada), and if so, is it included under property tax revenues (as in Canada), or under intergovernmental transfer revenue? (I'm aware that District of Columbia is a special case.) Bill Burgess <<<>>>
belated response, was out of town and away from computers for several weeks, only periodically checked e-mail when i found mysef at a library... local gov'ts in us generally left with tax sources not used by states and fed gov't, state laws determine what taxes may be imposed by counties/municipalities, about half allow local sales taxes, about 25% allow local income taxes, most important source: property tax, from which about 75% of all local revenue is derived... re. state monies to localities, about 2/3rds goes to primary and secondary schools... local govt's also borrow via 'general obligation' & 'full faith and credit' bonds, usually to finance capital spending, states generally restrict amount & type of debt, some require approval via referenda, commercial banks hold about 50% of such debt, insurance companies hold about 25%, and very wealthy individual investors hold about 25%... user fees have become increasingly important at local level... michael hoover
