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Vervet County Levies a Real Property Tax Based on the Following

Question 50

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Vervet County levies a real property tax based on the following schedule.  Rate  Assessed value 38$0 to $250,000+18$250,001 and above \begin{array}{rr}\text { Rate }&\text { Assessed value }\\38 & \$-0-\text { to } \$ 250,000 \\+18 & \$ 250,001 \text { and above }\end{array} Which of the following statements is false?


A) If Mr. Clem owns real property valued at $112,500, his average tax rate is 3%.
B) If Ms. Barker owns real property valued at $455,650, her average tax rate is 2.1%.
C) If Ms. Lumley owns real property valued at $750,000, her marginal tax rate is 1%.
D) None of the choices are false.

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