6. The assessed value of all the property in the County is S60,000,000 according to the...

 

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6. The assessed value of all the property in the County is S60,000,000 according to the property appraiser. Of this amount, $5,000,000 belongs to the federal government or religious organizations and therefore, is not subject to property taxes. In addition, certificates for the following exemptions have been filed: Homestead: Veterans: 1,035,000 215,000 215,000 125,000 In the past, uncollectible property taxes averaged 1.5% of the levy. Using all the infornation, determine the property tax rate per S1,000 of assessed valuations (millage rate) that must be used to collect the desired revenues from property taxes. Show all your work. Widows: Old age, blindness, ctc.: 6. The assessed value of all the property in the County is S60,000,000 according to the property appraiser. Of this amount, $5,000,000 belongs to the federal government or religious organizations and therefore, is not subject to property taxes. In addition, certificates for the following exemptions have been filed: Homestead: Veterans: 1,035,000 215,000 215,000 125,000 In the past, uncollectible property taxes averaged 1.5% of the levy. Using all the infornation, determine the property tax rate per S1,000 of assessed valuations (millage rate) that must be used to collect the desired revenues from property taxes. Show all your work. Widows: Old age, blindness, ctc.:

Answer rating: 100% (QA)

Solution Given Total assessed value 60 000000 Of which ... View the full answer