What government code governs the taxation on ownership of real property by a person?

The taxation on the ownership of real property by a person is primarily governed by the Local Government Code of 1991. This code provides the framework for local government units to impose real property taxes as a means of generating revenue. It outlines the authority of local governments to levy taxes on real property, delineate the assessment process, and establish procedures for tax collection.

The Local Government Code emphasizes the autonomy of local government in managing their own resources, which includes setting tax rates and procedures for real property taxation. This aspect of the code is vital because it empowers local entities to respond to the specific needs and circumstances of their communities.

The other options refer to broader governmental frameworks or codes which do not specifically focus on real property taxation at the local level. For example, the National Government Code and the State Revenue Code are more general in nature and pertain to federal and state taxation policies but do not provide the granular details relevant to local real property taxes. The Municipal Code of 1987 is also not directly related to property taxation and may focus on different governance aspects within municipalities.