USE THE FOLLOWING DATA TO ANSWER THE QUESTION.
Swamp City contains the following properties:

All property is currently taxed at 3% of assessed value.
-Which class of property has the highest effective tax rate?

Question

USE THE FOLLOWING DATA TO ANSWER THE QUESTION.
Swamp City contains the following properties:

All property is currently taxed at 3% of assessed value.
-Which class of property has the highest effective tax rate?

Quizplus · Accepted Answer

Industrial properties typically have the highest effective tax rate due to their higher assessed values and lower exemption rates compared to residential and commercial properties.