Policy Issues Relating to Property Taxes. Property owners in Trevor City were shocked when they recently received
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a. When you have regained your composure, prepare a brief written analysis objectively evaluating the probability that your property taxes will actually increase by 35 percent next year. In doing so, consider factors that you feel may mitigate against such a large increase. What would have to happen to the tax rates for your taxes to remain at their current level or increase only slightly?
b. Put yourself in the position of the city manager of Trevor City. Does she view the rapid growth in property values as a windfall for the city? What are the potential economic and political risks involved with a hot real estate market such as Trevor City is experiencing?
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Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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