BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0563 reviews
Newsweek Readers’ Choice Awards 2026 winner: Target Test Prep, #1 Test Prep
NEWSWEEK READERS’ CHOICE AWARDS 2026

Target Test Prep was voted #1 Best Test Prep in the 2026 Newsweek Readers’ Choice™ Awards.

GMATLiveTeach Starts Oct 17
Chris Peckover, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Chris Peckover, 100th-Percentile GMAT Scorer

Oct 17 · Chris Peckover
Sat · 11:00 AM to 2:00 PM ET
Oct 20 · Chris Peckover
Tue, Thu · 8:00 to 10:00 PM ET
Oct 25 · Josh Braslow
Sun · 1:00 to 4:00 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemand 5 seats left Start anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 563 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

The total market value of real estate

Expert replies
Post new topic Post Reply
Subscribe topic
Previous Topic Next Topic
Master | Next Rank: 500 Posts
Posts: 366
Joined: Fri Jun 05, 2015 3:35 amFollowed by: 2 members
Thanked: 3 times
by NandishSS » Fri Jan 05, 2018 4:55 am
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.

OA: D

Source:GMATPrep EP1

Thanks
Nandish
Top
Join the discussion
Source: — Critical Reasoning |
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

altonville

by GMATGuruNY » Fri Jan 05, 2018 5:36 am
NandishSS 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.

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.
The passage indicates that PROPERTY VALUES HAVE DECLINED, while THE PROPERTY TAX RATE HAS REMAINED THE SAME.
Thus, it must be true that there has been A DECREASE IN PROPERTY TAX REVENUE, supporting answer choice D:
The total amount of revenue that Altonville has collected from property taxes has declined over the past four years.

The correct answer is D.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion
Master | Next Rank: 500 Posts
Posts: 366
Joined: Fri Jun 05, 2015 3:35 amFollowed by: 2 members
Thanked: 3 times

by NandishSS » Tue Jan 09, 2018 3:49 am
HI Mitch,

Can you pls elaborate little more, didn't get.

Also POE

Thanks
Nandish
Top
Join the discussion
User avatar
GMAT Instructor
Posts: 15539
Joined: Tue May 25, 2010 12:04 pmFollowed by: 1906 members
Location: New York, NY
Thanked: 13060 times
GMAT Score:790

by GMATGuruNY » Tue Jan 09, 2018 4:22 am
NandishSS wrote:HI Mitch,

Can you pls elaborate little more, didn't get.

Also POE

Thanks
Nandish
Consider the following case:

Passage: The total market value of real estate in Altonville has steadily declined over the past four years.
Four years ago, the total market value was $1000.
Today, the total market value is $100.

Passage: The percentage of assessed value that was paid as property taxes to the city did not change.
Four years ago, the property tax rate was 10%.
Today, the property tax rate remains 10%.

Implication:
Four years ago, the amount of property tax revenue = 10% of 1000 = $100.
Today, the amount of property tax revenue = 10% of 100 = $10.
The values in blue support the D:
The total amount of revenue that Altonville has collected from property taxes has declined over the past four years..
In the case above, the total amount decreases from $100 four years ago to $10 today.

The correct answer is D.

An inference is a statement that MUST BE TRUE, given the information in the passage.
The remaining four answer choices refer to information not discussed in the passage and thus do not have to be true.

A. Money collected from property taxes provided most of Altonville's revenue during the past four years.
The passage is constrained to revenue from PROPERTY TAXES.
It provides no information about MOST of Altonville's revenue.
Eliminate A.

B. The percentage of Altonville's overall revenue that was collected from property taxes did not change over the past four years.
The passage is constrained to revenue from PROPERTY TAXES.
It provides no information about OVERALL revenue.
Eliminate B.

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.
The passage is constrained to revenue from PROPERTY TAXES.
It provides no information about proposals from officials or opposition from property owners.
Eliminate C.

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.
The passage is constrained to revenue from PROPERTY TAXES.
It provides no information about OTHER SOURCES of revenue.
Eliminate E.
Private tutor exclusively for the GMAT and GRE, with over 20 years of experience.
Followed here and elsewhere by over 1900 test-takers.
I have worked with students based in the US, Australia, Taiwan, China, Tajikistan, Kuwait, Saudi Arabia -- a long list of countries.
My students have been admitted to HBS, CBS, Tuck, Yale, Stern, Fuqua -- a long list of top programs.

As a tutor, I don't simply teach you how I would approach problems.
I unlock the best way for YOU to solve problems.

For more information, please email me (Mitch Hunt) at [email protected].
Student Review #1
Student Review #2
Student Review #3
Top
Join the discussion