Select from the choices below to answer the following questions: a. Increase b. Decrease c. Stay the
Question:
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 million to $75 million and the amount that the town needs to raise does not change, the mill rate that the town charges its citizens will ____.
Step by Step Answer:
Financial Management For Public, Health, And Not-for-Profit Organizations
ISBN: 9781506396811
6th Edition
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese