Monroe County levies a tax on the value of real property located within the county. The tax

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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.
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Principles Of Taxation For Business And Investment Planning 2018

ISBN: 9781259713729

21st Edition

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

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