Given the Following Information, Compute the Effective Tax Rate for the Particular

question 36

Multiple Choice

Given the following information, compute the effective tax rate for the particular piece of property in percentage terms. Market value of property: $325,000, Assessed value of property: $250,000, Exemptions: $50,000, Taxes paid: $5,363.

• A) 1.50%
• B) 2.35%
• C) 1.65%
• D) 2.68%

---

Definitions:

Digital Materials

Electronic content and resources such as e-books, databases, and online journals that can be accessed through computers or other digital devices.

Fair Dealing

Use of copyrighted material (as permitted under Canadian law) for the purposes of research or private study, criticism or review, or news reporting.

Copyright Office

A government body responsible for registering copyright and managing related legal rights.

Legal Representative

A person authorized to act on behalf of another, particularly in legal matters.