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The total market value of real estate in Altonville has

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The total market value of real estate in Altonville has [#permalink] New post 15 Dec 2005, 23:10
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A
B
C
D
E

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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. Moreover, the percentage of assessed value that was paid as property taxes to the city did not change during this period.


The information above most strongly supports which of the following?

A. Money collected from property taxes provided most of Altonville’s revenue during the past four years.

B. The percentage of Altonville’s overall revenue that was collected from property taxes did not change over the past four years.

C. Altonville officials had proposed raising property tax rates during the past four years but never did so because of strong opposition from property owners.

D. The total amount of revenue that Altonville has collected from property taxes has declined over the past four years.

E. During the past four years, Altonville officials also did not increase tax rates on other sources of revenue such as retail sales or business profits.
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 [#permalink] New post 15 Dec 2005, 23:39
D is my answer.....explain later
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 [#permalink] New post 16 Dec 2005, 04:10
IMO only D can be conclude. D is the best.
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 [#permalink] New post 16 Dec 2005, 05:23
D.

the market value decreased. the assessed value also decreased.the property tax is based on % of assessed value. this percentage remained same. so the amount of revenue from property tax decreased. to make it constant this % shud have been increased.
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Re: CR - Altonville [#permalink] New post 16 Dec 2005, 09:29
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. Moreover, the percentage of assessed value that was paid as property taxes to the city did not change during this period.


can someone explain why is it not B???
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Re: CR - Altonville [#permalink] New post 16 Dec 2005, 10:37
bewakoof wrote:
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. Moreover, the percentage of assessed value that was paid as property taxes to the city did not change during this period.


can someone explain why is it not B???


Plainly because you already know what it is stated in B so you can not conclude it :-D
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Re: CR - Altonville [#permalink] New post 16 Dec 2005, 11:34
automan wrote:
bewakoof wrote:
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. Moreover, the percentage of assessed value that was paid as property taxes to the city did not change during this period.


can someone explain why is it not B???


Plainly because you already know what it is stated in B so you can not conclude it :-D


oh i see.. Since its already the part of the passage, it is not new information.. Thanks..
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 [#permalink] New post 16 Dec 2005, 12:52
straight D.
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 [#permalink] New post 17 Dec 2005, 08:13
D.

Tax revenues will be less as the overall assessed value on which taxes depend has gone down
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 [#permalink] New post 19 Dec 2005, 19:58
(D) is the best answer.
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 [#permalink] New post 21 Dec 2005, 03:14
D rulz !
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 [#permalink] New post 22 Dec 2005, 07:42
One more for D.

The percentage remains same but the value decreased, so decrease in the revenue.
  [#permalink] 22 Dec 2005, 07:42
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