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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Vervet County Levies a Real Property Tax Based on the Following