Question
Inch Company was expanding its production facilities and purchased large quantities of land in Hamilton for $4,530,000. The municipality assessed the value of the industrial
Inch Company was expanding its production facilities and purchased large quantities of land in Hamilton for $4,530,000. The municipality assessed the value of the industrial land at 29% less than its purchase price.
a. Calculate the assessed value of the land.
Round to the nearest cent
b. If the property tax rate is 2.70% per annum, calculate the amount of property tax they would have to pay in their first year.
Round to the nearest cent
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Transportation A Global Supply Chain Perspective
Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard
8th edition
9781305445352, 1133592961, 130544535X, 978-1133592969
