What is the system of taxation in a municipality?

In Maryland, municipalities have the authority to collect taxes from those located within their boundaries. The taxes, referred to as ad valorem taxes, are collected from property owners and are typically based on the assessed value of their property. Ad valorem taxes are typically used to fund public services, such as police and fire departments, road repairs, public works projects, and even schools. In addition to ad valorem taxes, municipalities may also collect taxes from businesses located within their boundaries. Businesses are required to pay taxes based on their gross receipts from sales within the municipality, as well as certain other business-related taxes, such as occupational taxes. Municipalities may also impose certain excise taxes, such as taxes on alcohol, cigarettes, and gasoline. These excise taxes are typically used to fund specific programs or services. Finally, some municipalities in Maryland may also levy more specialized taxes, such as hotel taxes, amusement taxes, and rental taxes. These taxes are typically used to fund specific projects or services within the municipality. In general, the system of taxation in a municipality is set by the local government and is used to fund public services, projects, and other initiatives within the municipality.

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What is the system of taxation in a municipality?

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