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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
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:
7. Using the tax rate and the assessment practices of Mr. Smiths district, how much tax would Mrs. Jones pay?
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