The total market value of real estate in Altonville has

[Beatrice Michael]

EXperts

can you please explain these type of problems..hovv to tackle these alvvays go vvrong


The total market value of real estate in Altonville has steadily declined over the
past four years. This decline has meant that the overall figure on which the city’s
property tax is based"”the assessed value of that real estate"”has also declined.
The percentage of assessed value that was paid as property taxes to the city,
however, did not change from year to year during this period. The information
above most strongly supports which of the following?
A. The percentage of Altonville’s yearly revenue that comes from money collected in
property taxes did not change over the past four years.
B. The percentage of Altonville’s yearly revenue that comes from money collected in
property taxes has declined steadily over the past four years.
C. The amount of revenue that Altonville collected from property taxes was lower
last year than it was four years ago.
D. During the past four years, Altonville officials increased tax rates on other
sources of revenue such as retail sales and business profits.
E. Altonville will soon require property owners to pay a higher percentage of the
assessed value of their property as property tax.

[tim]

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