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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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