Question
Given the following information, compute the millage rate for the parcel. Market value of property: $500,000, Assessed value of property: 80% of the market value
Given the following information, compute the millage rate for the parcel. Market value of property: $500,000, Assessed value of property: 80% of the market value of the property, Exemptions: $20,000, Taxes paid: $7,850.
The correct answer is 20.66. Can you please show work on how to get this answer.
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
