Fair Market Assessment Assessed Value Property Tax Property Tax Value Rate Rate Due 1. JUMP $240,000 90% $216,000 4.1% $8,856.00 START WWW 2. $95,500 75 $71,625 $1.80 per $100 $1,289.25 3. $310,000 100 $310,000 $17.25 per $1,000 $5,347.50 4. $194,460 80 $155,568 35.5 mills $5,522.66 5. $76,000 100 $76,000 3.44% $2,614.40 EXCEL 6. $125,000 100 EXCEL $1.30 per $100 80 $198,400 $25.90 per $1,000 $5,138.56 7. $248,000 60 EXCEL 8. $54,600 30 EXCEL 45.5 mills 9. $177,400 60 60 $106,440 $2.13 per $100 $2,267.17 EXCEL2 10. $2,330,000 100 13.22 mills EXCEL2 11. $342,900 77 $264,033 5.3% $13,993.75 EXCEL2 Level 1 Chapter 18 - Section II - Exercise 5, 6, 7, 8 Calculate the assessed value and the property tax due on the following properties: Note: Refer to these problems in the text for input data. Fair Market Value Assessment Rate Assessed Value Property tax rate (enter only in appropriate column) % per 100 per 1000 mills Property Tax Due