Name Chapter 19 Sales, Excise, and Property Tax Vocabulary Matchup Part I of a cent 10 1. Assessed value 2. Excise tax A. B. Tax to raise revenue for cities, schools, etc C. Budget needed divided by total assessed value D. Value of property to calculate property taxes E. Current value today F. Tax on luxury items G. A tax for consumers on certain merchandise 4. Property tax -5. Sales tax 6. Tax rate per dollar 7. Market value or services. Part II Drill Calculate the assessed value City Malden Market Value Assessed Rate 65% 8. $118,000 Calculate tax rate in decimal form (6 decimal places). Total Assessed Value Budget Required 9 City $48,000,000 $895,000 Complete (Express answers to nearest hundredth). 10. | Decimal Tax Rate | % | Per $100 | Per $1,000 | Mills | 10.-A 074312 Calculate amount of tax due. Assessed Value Tax Due Tax Rate $12.75 per $100 $62.50 per $1,000 16 mills 14,500 67,800 $225,000 B