Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

: This jurisdiction has 4 taxing authorities with the following: Taxing Authority Millage Rate Taxes Levied County 10.5 $ 3,885.00 Municipality 3.65 School District $

:

This jurisdiction has 4 taxing authorities with the following:

Taxing Authority

Millage Rate

Taxes Levied

County

10.5

$ 3,885.00

Municipality

3.65

School District

$ 2312.50

Water Preserve

0.15

$ 55.50

What is the tax rate (%) for the school district in this jurisdiction?

6.25%

0.685%

1.415%

0.625 %

  • Market value =$500,000
  • Assessment level =0.75
  • Assessed Value =$375,000
  • Exemptions =$5,000
  • Taxable value =370,000

6 points

Question 42

  1. What is the total of the tax property

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamical Corporate Finance

Authors: Umberto Sagliaschi, Roberto Savona

1st Edition

3030778525, 9783030778521

More Books

Students also viewed these Accounting questions