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Q1. Determine the Millage Rate from the following information: Amount to be collected (a) $ 190,000 Estimated Uncollectible (b) 5% Required Levy ? Assessed Property

Q1. Determine the Millage Rate from the following information:

Amount to be collected (a)

$ 190,000

Estimated Uncollectible (b)

5%

Required Levy

?

Assessed Property Value

4,000,000

Less: Property Not Taxable

(300,000)

Less: Exemptions

(260,000)

Taxable Assessed Value

?

Millage Rate

?

Answer:

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