Mr LeClair and Ms

question 239

Short Answer

Mr. LeClair and Ms. Bartoli own adjacent hobby farms. They have just received their property tax bills for the current year. Mr. LeClair's property tax is $1,935 on a residence assessed at $200,000 and land with farm buildings assessed at $150,000. Ms. Bartoli's tax is $1,887 on her residence assessed at $175,000 and land with farm buildings assessed at $190,000. The regional government applies one tax rate to residences, and a lower tax rate to land with farm buildings. What are these property tax rates (expressed in percent to the nearest 0.01%)?

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Definitions:

Intrusions

Geological features formed when magma cools and solidifies before reaching the surface, creating bodies of igneous rock.

Mid-Ocean Ridges

Underwater mountain ranges formed by plate tectonics, where new oceanic crust is generated from upwelling magma.

Asthenosphere

The asthenosphere is the highly viscous, mechanically weak, and ductilely-deforming region of the upper mantle of the Earth, lying just below the lithosphere.

Transform Faults

A type of fault where two tectonic plates slide past each other horizontally, typically associated with earthquake activity.