The property tax rate for a residential building is 1.045%. a. What is the property tax for

Question:

The property tax rate for a residential building is 1.045%.

a. What is the property tax for a residential property that has an assessed value of $400,000?

b. What is the property tax amount for farmland that has an assessed value of $680,000 if the property tax for farmland is 80% of the tax levied for residential properties?

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: