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A Property Was Valued at $500,000 for Property Tax Purposes

Question 18

Multiple Choice

A property was valued at $500,000 for property tax purposes. According to Proposition 13, what would be the maximum value for property tax purposes in two years, assuming the owner did not make capital improvements?


A) $502,420
B) $504,010
C) $506,220
D) $520,200

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