Question
Jane Miller has a house assessed at $45,000 (45 percent of its sale value).Her tax rate is $4.20 per $100 AV.Tom Gale has a house
Jane Miller has a house assessed at $45,000 (45 percent of its sale value).Her tax rate is $4.20 per $100 AV.Tom Gale has a house assessed at $55,000 (50 percent of its sale value).His tax rate is 35.25 mills. .If both houses were taxed on full market (sale) value with a true tax rate of 23.3 mills, who would pay the greater tax? How much greater?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
