Question
LaCrosse. Wisconsin has a property tax base with an appraised value consisting of $250,000,000 of taxable real property. The assessment ratio is 50%. Exemptions
LaCrosse. Wisconsin has a property tax base with an appraised value consisting of $250,000,000 of taxable real property. The assessment ratio is 50%. Exemptions for the poor reduce assessed value by $3,000,000. LaCrosse has a planned budget of $15,000,000 and expects to receive $5,000,000 in non- property tax revenue. Compute the statutory property tax rate. The Marks family live in LaCrosse and their property has an appraised value of $70,000. What is the Marks family city property tax bill assuming they are not poor?
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
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