Many small cities make significant efforts to attract commercial operations
Many small cities make significant efforts to attract commercial operations such as shopping centers and large retail stores. One of the arguments is that these facilities will contribute to the property that can be taxed and thus provide additional funds for local government needs. The data stored in the data file Citydatr come from a study of municipal revenue-generation capability.
,Prepare a scatter plot of “taxbase”-the assessed value of all city property in millions of dollars- versus “comper”-the percent of assessed property value that is commercial property. What information does this scatter plot provide about the assessable tax base and percent of commercial property in the city?
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