Which of the following is a major source of income for local governments in Georgia?

Property taxes are indeed a major source of income for local governments in Georgia. Local governments rely heavily on property taxes because they provide a stable and predictable source of revenue that can be used to fund essential services such as public safety, infrastructure maintenance, and education. In Georgia, property taxes are assessed on real estate and are typically levied at the county, city, and school district levels, making them a vital aspect of local government financing.

While other sources of income like income taxes, federal grants, and licensing fees do contribute to local government funding, property taxes remain the single most significant source. Income taxes are generally levied at the state level, and federal grants often come with stipulations and may not be as consistent. Licensing fees can also be an important source of revenue, but they do not match the scale and consistency of property taxes as a funding mechanism for local governments.