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show work please! 3. A property is valued at $46,000. The taxes are levied on 45% of market value and an equalization factor of 1.4
show work please!
3. A property is valued at $46,000. The taxes are levied on 45% of market value and an equalization factor of 1.4 is used. The tax rate is $30 per $1.000 of assessed value. The owners of this property were delinquent in paying the second installment of their tax bill this year, by two months plus two days. What will be the total amount of their second installment if the penalty is 1% per month? (Consider the installments to be equal. Remember, tax penalties are the seller's responsibility, they are not prorated) Step by Step Solution
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