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 = $(110500...View Answer
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Correct Answer:
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