Essay
A town has an assessed residential property value of $350 000 000. The town council must meet the following expenditures: 
a)Suppose 70% of the expenditures are charged against residential real estate. Calculate the total property taxes that must be raised.
b)What is the mill rate?
c)What is the property tax on a property assessed at $235 000?
Correct Answer:
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a)Total expenditure = $(11050000 + 21000...View Answer
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Correct Answer:
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