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The following data are for the town of Paragon in the fiscal year starting January 1 , 2 0 1 6 . Budgeted town expenditures
The following data are for the town of Paragon in the fiscal year starting January
Budgeted town expenditures $
Estimated revenue from grants, fees, and licenses $
Assessed value of property $
a What is the town property tax rate in dollars per $ of assessed value?
b The Wooden family has property with a fair cash value of $ The assessment ratio is onethird. The family is entitled to a mortgage exemption of $ That is taken against assessed value. What is their property tax bill from Paragon?
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