A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school

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A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school district in which the hotel is located is 2.5. What would be the local school district’s portion of the hotel’s property tax bill?

a. $45,000

b. $4,500

c. $450

d. $450,000

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 30, 2018 01:48 AM

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A hotel property has an ad valorem value of $18,000,000. The millage rate for the local school

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Managerial Accounting for the Hospitality Industry

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