Question
Mr. Smith has a house assessed at $51,000 (60 percent of its sale value).His tax is $3.50 per $100 AV.Mrs. Jones has a house assessed
Mr. Smith has a house assessed at $51,000 (60 percent of its sale value).His tax is $3.50 per $100 AV.Mrs. Jones has a house assessed at $35,550 (45 percent of its sale value).Her tax rate is 36.2 mills.Using this information answer the following:
5.Who pays the greater tax?
6.How much greater?
7.Using the tax rate and the assessment practices of Mr. Smith's district, how much tax would Mrs. Jones pay?
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Get StartedRecommended Textbook for
Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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