Question
Ms. Brown has a house assessed at $ 55,800 (62 percent of sale value). Her tax rate is $ 3.25 per $ 100 of assessed
Ms. Brown has a house assessed at $ 55,800 (62 percent of sale value). Her tax rate is $ 3.25 per $ 100 of assessed valuation. Mr. Barnes has a house assessed at $ 42,720(48 percent of sale value). His tax rate is $ 32.75 per $ 1,000 (AV).
a. Who pays the greater tax?
b. How much greater?
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
