contestada

Davis owns a property with a market value of $144,000. The county assessment for the property is 40% of its appraised value. What will a 4.3 mill special assessment tax levy cost Davis annually?

Respuesta :

Answer:

special assessment tax levy cost = $247.68

Explanation:

given data

market value = $144,000

assessment ratio = 40%

levy cost = 4.3 mill

solution

we first get here assessed value  that is express as

assessed value = market value ×   assessment ratio   ................1

put here value we get

assessed value = $144,000 × 40%

assessed value =  $57,600

so now we get special assessment tax levy cost

special assessment tax levy cost = assessed value × levy cost

special assessment tax levy cost = $57,600 × 0.0043

special assessment tax levy cost = $247.68

Otras preguntas