b. The Knight family owns property with a fair cash value of $100,000 in the Davis portion of Booneville, Prepare an itemized tax bill for the Knights. c. Suppose the current market value of the Knights' property is actually $225,000. What is their assessment ratio What effective total property tax rate do they pays d. There are 1,800 students in Seagram United Schools and 600 students in Clin- ton Consolidated Schools. How many dollars per pupil would a tax rate of $1 per $100 of assessed value yield in each district. Explain the significance of this comparison. e. A factory with an estimated fair cash value of $15 million may be built in Navaho Township. If the factory has no impact on spending by any local government (i.e., levies do not change) and there are no other changes in the county assessed values, what total property tax bill would the factory faces F. Suppose that the county undergoes a general reassessment that doubles the assessed values of every taxing unit and that state law forbids any taxing unit from increasing its property tax levy by more than 3 percent. (The factory from part e, sadly enough, ends up in Mexico, so there is no impact from its value.) Assume that the property owned by the Knights (as above) doubles in assessed value and that the city, county, and school districts increase their levies by the maximum allowed, but that there is no increase in levies by any township. What is the Knights' new property tax