A Town Has a Total Residential Assessment of 900 Million

Question 82
Essay

A town has a total residential assessment of 900 million dollars.The town must meet expenditures of $45 million. a)If 90% of the expenditures are charged against residential real estate,calculate then total property taxes that must be raised. b)Calculate the mill rate. c)Calculate the property tax on a property assessed at $235 000.00