Proposition 13 provides that real estate will be taxed at a minimum rate of ________% of fair market value at the time of purchase and can only increase a maximum of _______% per year thereafter, plus voter approved indebtedness.
A. 1%, 2%
B. 2%, 4%
C. 3%, 5%
D. 0.5%, 1%
Answer: A. 1%, 2%
Business
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a. true b. false
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