Vervet County Levies a Real Property Tax Based on the Following

question 32

Multiple Choice

Vervet County levies a real property tax based on the following schedule.
Rate $\quad$$\quad$ Assessed value
3% $\quad$$\quad$ $-0- to $250,000
+ 1% $\quad$ $250,001 and above
-Which type of rate structure does this tax use?

• A) Proportionate
• B) Regressive
• C) Progressive
• D) Dual-bracket

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