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.
Correct Answer:
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