Question
You own a home with a market value of $100,000. You bought the home for $150,000 ten years ago. Your houses assessed value is $85,000.
You own a home with a market value of $100,000. You bought the home for $150,000 ten years ago. Your houses assessed value is $85,000. Your property tax rate is 3.5%. How much would you save per year if you moved to an area with a 2.7% property tax?
*please explain*
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
