Suppose the discount rate is 10 percent. Calculate the tax capitalization resulting from a property tax rate
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Suppose the discount rate is 10 percent. Calculate the tax capitalization resulting from a property tax rate differential of 5 percent above the national average for an asset with a $5,000 annual income before taxation, assuming that the tax is fully capitalized and that the asset has an infinite life.
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Related Book For
Public Finance A Contemporary Application Of Theory To Policy
ISBN: 9780538754460
10th Edition
Authors: David N Hyman
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