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    Public Finance Study Set 1
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    Exam 22: Public Finance in a Federal System
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    The Assessed Value of a Home Is
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The Assessed Value of a Home Is

Question 15

Question 15

Multiple Choice

The assessed value of a home is


A) the value that the jurisdiction uses to assign taxes.
B) an annual 6% increase in the value of a home.
C) the annual rate of deprecation of a home because of use.
D) always lower than its market value.

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