Select from the choices below to answer the following questions: a. Increase b. Decrease c. stay the

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Select from the choices below to answer the following questions:
a. Increase
b. Decrease
c. stay the same
d. cannot tell from the information given 

1. If the amount of uncollectible school taxes increases, the mill rate that citizens must pay on their school taxes will _________.
2. If the value of taxable properties rises from $300 million to $310 million and the amount that the town needs to raise does not change, the mill rate that the town charges its citizens will _________.
3. If the value of tax-exempt properties decreased from $100,000,000 to $75,000,000 and the amount that the town needs to raise does not 129 change, the mill rate that the town charges its citizens will_________.

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Related Book For  book-img-for-question

Financial Management for Public, Health and Not-for-Profit Organizations

ISBN: 978-1506326849

5th edition

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

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