A parcel of land is expected to yield annual rents equal to $10,000 per year forever. If
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After your purchase, a 5 percent property tax on the land is imposed. Calculate the impact of the tax on the market value of the land parcel. Can you avoid the tax by selling the land?
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The market price of the asset is 1000001 100000 The ...View the full answer
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Related Book For
Public Finance A Contemporary Application of Theory to Policy
ISBN: 978-1285173955
11th edition
Authors: David N Hyman
Question Posted:
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