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You are the budget director for Mordor. You have been working with the tax assessor to determine the appropriate tax rate for all the real
You are the budget director for Mordor. You have been working with the tax assessor to determine the appropriate tax rate for all the real estate in Mordor. Your total expenditures are projected to be $4B and you expect income from other sources to be $1B. The total value of real estate is $35B and exemptions total $5B. What is the appropriate tax real estate tax rate? You own property in Mordor with the following characteristics: Market Value $1,000,000 Assessed Value $950,000 Exemptions $50,000 What is the real estate tax on this property? You are appraising the sale of a property and have identified a comparable that sold 2 months ago for $800,000. Real estate prices have been softening and based on your analyses, you estimate the price change to be 0.5% per month. The identified elements of comparison are as follows: Lot size $10 psf Comparable lot size is 200 sf larger than subject 2 car garage $5,000 Comparable does not have a 2 car garage, Subject does Porch $10,000 Comparable has a porch, Subject does not Bathroom $5,000 Comparable has 2 baths, Subject has 3 Pool $15,000 Comparable does not have a pool, Subject does What is the adjusted sales price for this Comparable property? You are the budget director for Mordor. You have been working with the tax assessor to determine the appropriate tax rate for all the real estate in Mordor. Your total expenditures are projected to be $4B and you expect income from other sources to be $1B. The total value of real estate is $35B and exemptions total $5B. What is the appropriate tax real estate tax rate? You own property in Mordor with the following characteristics: Market Value $1,000,000 Assessed Value $950,000 Exemptions $50,000 What is the real estate tax on this property? You are appraising the sale of a property and have identified a comparable that sold 2 months ago for $800,000. Real estate prices have been softening and based on your analyses, you estimate the price change to be 0.5% per month. The identified elements of comparison are as follows: Lot size $10 psf Comparable lot size is 200 sf larger than subject 2 car garage $5,000 Comparable does not have a 2 car garage, Subject does Porch $10,000 Comparable has a porch, Subject does not Bathroom $5,000 Comparable has 2 baths, Subject has 3 Pool $15,000 Comparable does not have a pool, Subject does What is the adjusted sales price for this Comparable property
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