Critical Reasoning (CR) | California levies its real-estate tax as a percentage of a property's

California levies its real-estate tax as a percentage of a property's assessed value. California reassessed all properties late last year, ensuring that this year's real-estate tax on a given property fairly reflects that property's current value. By comparison with the previous assessment 3 years ago, the mean assessed property value was considerably lower. Nonetheless, the mean real-estate tax bill sent to California’s property owners this year is likely to be no lower than last year's, because __________.

Which of the following most logically completes the passage?

A. the assessed value of relatively modest properties in California went down more, on average, than that of more valuable properties

B. actual selling prices of properties sold in California so far this year have been higher, on average, than assessed values

C. a likely consequence of declining real-estate values in California will be a general slow-down in the local economy

D. there have been many real-estate transactions
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Statistics : Posted by Bunuel • on 19 Dec 2023, 07:14 • Replies 0 • Views 70

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