Question
Jane Millerhas 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
Jane Millerhas 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.Using this information answer the following:
13.Who pays the greater tax?
14.How much greater?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
