Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER ALL Blunt County needs $860,000 from property tax to meet its budget. The total value of assessed property in Blunt is $118,000,000. What
PLEASE ANSWER ALL
Blunt County needs $860,000 from property tax to meet its budget. The total value of assessed property in Blunt is $118,000,000. |
What is the tax rate of Blunt? (Round your intermediate calculations to the nearest ten thousandth and final answer to 1 decimal place.) |
Tax rate | mills |
Calculate the assessed value of the piece of property: |
Assessment rate | Market value | Assessed value |
80% | $195,000 | $ |
Calculate the following: |
Retail selling price | Sales tax (6%) | Excise tax (10%) | Total price including taxes | |||
$3,500 | (Click to select)+- | $ | (Click to select)-+ | $ | $ | |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started