1. A property has an assessed valuation of $200,000. The tax rates are as follows: Airport -0.0473 Public Transportation Corporation -0.06; City Government - 1.32; County Government -0.53; Public Library -0.25; School District 0.89; and Township Government ..075. It is a homestead property with a mortgage. Given only this information: a. What is the gross tax rate? 3847 looo b. After tax deductions are considered, what is the value to be applied to the tax rate c. How much property tax would be due after the deductions, but not considering the circuit breaker? d. How much property tax would be due after the deductions and the circuit breaker are applied? e. Has this property hit the property tax cap? f. If so, how much is the annual benefit of tax cap legislation to this property owner? 1. A property has an assessed valuation of $200,000. The tax rates are as follows: Airport -0.0473 Public Transportation Corporation -0.06; City Government - 1.32; County Government -0.53; Public Library -0.25; School District 0.89; and Township Government ..075. It is a homestead property with a mortgage. Given only this information: a. What is the gross tax rate? 3847 looo b. After tax deductions are considered, what is the value to be applied to the tax rate c. How much property tax would be due after the deductions, but not considering the circuit breaker? d. How much property tax would be due after the deductions and the circuit breaker are applied? e. Has this property hit the property tax cap? f. If so, how much is the annual benefit of tax cap legislation to this property owner