Final answer:
The annual inflation factor permitted for local property taxes varies depending on various factors and local government regulations.
Step-by-step explanation:
The annual inflation factor permitted for local property taxes varies depending on the jurisdiction and local government regulations.
There is no fixed or standard annual inflation factor for local property taxes. The assessment and determination of property taxes are typically based on the fair market value of the property, which can change over time due to various factors such as economic conditions, property improvements, and local tax policies.