This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What failures may occur with the current method of calculation of property tax? What will be an ... (Read 50 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jul 31, 2018
What failures may occur with the current method of calculation of property tax?
 
  What will be an ideal response?

Question 2

How is property tax calculated?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ergserg

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jul 31, 2018
Answer to Question 1

ANSWER: A lack of uniformed valuation may lead people owning equivalent properties to pay different taxes.

Answer to Question 2

ANSWER: The market value of a property is first determined. Then the market value is converted into an assessed value, which in most cases is usually one-fourth or one-third of the market value. Then the property tax rate, expressed in mills, (dollars of tax per thousand dollars of assessed value) is multiplied by the assessed value.


Kikoku

  • Member
  • Posts: 540
Reply 2 on: Jul 31, 2018
Wow, this really help

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Palade's use of the pulse-chase method to study protein secretion Palade's use of the pulse-chase method to study protein secretion
Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T Scaling the Earth down to the size of a basketball, the Moon is roughly the size of a tennis ball. T
Avogadro's number calculation Avogadro's number calculation
Decremental property of graded potentials. Decremental property of graded potentials.
Four cutaneous receptors that occur in human skin. Four cutaneous receptors that occur in human skin.
Scientific Method Review Scientific Method Review
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library