Vervet county levies a real property tax based on the following schedule.
rate
assessed value
3%
$-0- to $250,000
+ 1%
$250,001 and above
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.