Question
The town in which their store is located town has a total commercial property assessment of $986,589,765. It initially estimated that $69750500 must be raised
The town in which their store is located town has a total commercial property assessment of $986,589,765. It initially estimated that $69750500 must be raised through commercial taxation to meet expenditure
What tax rate per $1000 must be set to raise the $69750500
The store is assessed at $65950. What are the property taxes for this property.
If an additional $4,000,000 must be raised, what is the increase in the tax rate required to meet the additional expenses?
How much additional property taxes will the owners of $65950 store property have to pay?
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