A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school
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A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school district in which the hotel is located is 2.5. What would be the local school district’s portion of the hotel’s property tax bill?
a. $45,000
b. $4,500
c. $450
d. $450,000
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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