Fair Market Assessment Assessed Value Property Tax Property Tax Value Rate Rate Due 1. $240,000 90% $216,000 4.1% $8,856.00 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 0 5. $76,000 100 $76,000 3.44% $2,614.40 0 6. $125,000 100 _ $1.30 per $100 _ o 7. $248,000 80 $198,400 $25.90 per $1,000 $5,138.56 0 8. $54,600 30 _ 45.5 mills _ 0 9. $177,400 60 $106,440 $2.13 per $100 $2,267.17 0 10. $2,330,000 100 _ 13.22 mills _ o 11. $342,900 77 $264,033 5.3% $13,993.75 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 Assessment Assessed Pro tax rate enter onl in a re riate column Property Tax Value Rate Value er 100 er 1000 mills Due 1EE%