Author Question: Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: ... (Read 104 times)

Brittanyd9008 · **on:** Feb 26, 2020

Question 1

The assessed valuation of property is equal to the assessment rate:
◦ plus the market value
◦ divided by the market rate
◦ times the book value
◦ times the market value

Question 2

Determine the tax rate. Round to the nearest cent or nearest hundredth.

Assessed property value: $137,400,000
Expenses to be funded by property tax: $5,104,000
Tax per amount of assessed value: $1
◦ $0.03 per $1
◦ $0.27 per $1
◦ $0.04 per $1
◦ $0.31 per $1

karmakat49 · **Reply #1 on:** Feb 26, 2020

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