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Two cities are identical in all respects except City A has an assessment ratio of 100% and City B has an assessment ratio of 25%.
Two cities are identical in all respects except City A has an assessment ratio of 100% and City B has an assessment ratio of 25%. Both cities need to raise $1,000,000 in property tax revenues. The statutory tax rates on property are:
higher in City A than City B. |
higher in City B than City A. |
identical in both cities. |
dependent on non-property tax revenues in each. |
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