Answer Happy

Parcel Assessed Value Market Value Residential R-1 20,000 80,000 R-2 20,000 100,000 R-3 36,000 120,000 R-4 28,000 160,000 R-5 65,000 200,000 Commercial C-1 90,000 200,000 C-2 160,000 400,000 C-3 200,000 400,000 C-4 300,000 1,000,000 C-5 800,000 2,000,000 Industrial 1-1 1,000,000 2,000,000 1-2 1,700,000 4,000,000 1-3 5,750,000 10,000,000 All property is currently taxed at 3% of assessed value. Approximately, what is the average effective tax rate on residential property?
Approximately, what is the average effective tax rate on residential property? .768% .345% 3% The result can't be computed from the data provided. .982% 0 0 0 0 None of the above. All of the above.