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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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