Merrick says that Tennessee is among the states with the highest mean property tax rates in the Unites States. Explain whether Merrick's statement is correct.

Question

A. Merrick's statement is correct. Tennessee has one of the highest mean property tax rates at over 2.1% of the property's assessed value
B. Merrick's statement is not correct. Tennessee has one of the lowest mean property tax rates at under 0.8% of the property's assessed value.
C. Merrick's statement is not correct. Tennessee has the lowest mean property tax rates at under 0.5% of the property's assessed value.
D. Merrick's statement is not correct. Tennessee is close to the middle of the mean property tax rates in the United States, at just over 1.0% of the property's assessed value.

Answer 1

The correct answer is B. Merrick's statement is not correct. Tennessee has one of the lowest mean property tax rates at under 0.8% of the property's assessed value.

Tennessee is generally known for its relatively low property tax rates compared to other states in the U.S.