Question: Two properties have the same fair market value but different assessment rates. The assessment rate for property 1 is 85.8% and the assessment rate for

Two properties have the same fair market value but different assessment rates. The assessment rate for property 1 is 85.8% and the assessment rate for property 2 is 63.1%. Assuming that property 1 has twice the amount of property tax as property 2, what is the ratio of the property tax rates, r₁/r₂ ?

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