Explain the similarities and differences between a tax exemption and a tax credit

Requirements: 500 words minimum, APA format including title page, include biblical integration, appropriate citations and references page, and the similarity index should not exceed 20%.

With respect to real property taxes: (1) explain “assessed value”; (2) explain the similarities and differences between a tax exemption and a tax credit; and (3) discuss what factors a government would consider in deciding whether to offer a tax exemption or tax credit and, if so, how it decides which abatement method to use.

Class book:

Mikesell,J.L (2018).Fiscaladministration:analysisandapplicationsforthepublicsector(10thed.).Boston,MA:CengageLearning.ISBN:978-1305953680.