Question
A property has a market value of $750,000. The taxing authority taxes 70% of the value and the property has a homestead exemption of $25,000.
A property has a market value of $750,000. The taxing authority taxes 70% of the value and the property has a homestead exemption of $25,000. The county mill rate is 8.4 and the town mill rate is 11.2. If the taxes are $15,000, what is the board of educations mill rate?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cost Accounting
Authors: M.Y. Khan, P.K. Jain
2nd Edition
9339203445, 9789339203443
