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Evaluate proposal from an ef?ciency and equity perspective

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Reference no: EM131547760

Question: Policy application. Suppose that your state currently has a uniform assessment rate of 10 percent, but is considering changing to a classi?ed system of property in which owner-occupied property is assessed at 10 percent, farm property and undeveloped land at 5 percent, and all other property (including rental, commercial and industrial) at 15 percent. Evaluate this proposal from an ef?ciency and equity perspective.

Reference no: EM131547760

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