Virginia Real Estate Exam Practice Question
How does the income from property taxes benefit the community?
Correct Answer: D
Rationale: Property tax income plays a vital role in funding essential services and public works, such as schools, roads, and emergency services, benefiting the entire community. This ensures that residents have access to necessary infrastructure and services for a quality living environment.
Options A and B focus on the construction of malls and housing, which may not directly address community needs or priorities. While new developments can stimulate the economy, they are not the primary use of property tax revenue. Option C incorrectly suggests that property tax income is used to determine tax increases, rather than being allocated for community services.
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