City A has a property tax rate of 50 cents per
100 valuation with a homestead exemption of 20 percent. You own a vacant lot (where you hope to build a new home one day). The lot is assessed at 20,000. How much property tax do you owe the city on your lot?
a) 80
b) 800
c) 100
d) 1,000
e) 5,000
Question 2
The city budgets 350,000 to fund an AIDS education program for inner-city youth. This is an example of which of the following types of urban policies?
a) allocational
b) redistributive
c) developmental
d) incremental
e) financial
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