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If a city is taxing property at the maximum rate allowed and then the assessed valuation of property in the city increases, which of the
If a city is taxing property at the maximum rate allowed and then the assessed valuation of property in the city increases, which of the following can be expected to happen if the state does not allow an increase in the property tax levy? A) Property tax rates increase. B) The property tax levy increases. C) Property tax rates decrease.
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