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Each municipality is required to pay to its school board 25% of its receipts from the general property tax.
There is no general property tax except a special levy of 8% on the general list for school purposes and 5% for the construction of roads.
In New York the direct property tax is levied by and for the benefit of localities.
A severe property-tax and an increase of customs duties in 1879 only for a moment achieved financial equilibrium.
About one-half of the revenue for state and county purposes is derived from a general property tax.
