Monroe county levies a tax on the value of real property located within the county. the tax equals 3 percent of the property's assessed value up to $2 million plus 1 percent of the value in excess of $2 million. a. compute the tax on real property valued at $1.3 million. b. compute the tax on real property valued at $4.5 million.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?