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Vervet County Levies a Real Property Tax Based on the Following

Question 57

Multiple Choice

Vervet County levies a real property tax based on the following schedule. Vervet County levies a real property tax based on the following schedule.   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 above is false. 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 above is false.

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