In Los Angeles County, property taxes are typically due twice a year. They are due in November 1st, delinquent in December 10th and then due again February 1st, delinquent on April 10th.

Parcel 1 has a land assessment of $75,000 and improvement assessment of $125,000. Annual special assessments are $1,275.00, and bi-annual taxes due (inclusive of special assessments) are $1.937.50; however, annual penalties are $442.50.

Parcel 2 has a land assessment of $187,500 and improvement assessment of $312,500. Annual special assessments are $3,187.50 and bi-annual taxes due (inclusive of special assessments) are $4,843.74; however, annual penalties are $1,106.25.

What is the effective tax rate of the entire property, assuming both parcels are sold together?