Barcelona County is made up of one city (Juventus) and three suburban townships (Madrid, Porto, and Bayern). Juventus City School District (JCSD) is a school district with the same borders as Juventus City with its own taxing authority. Madrid and Bayern townships share another school district (Madrid-Bayern School District) that also has taxing authority. Porto Township has its own school district. Each government can levy its own property tax. Local unit tax rates fully overlap.

Make a Map of all the Jurisdictions

- Juventus City has 15,000 taxable properties each with an average market value of $85,000.

- Madrid Township has 1,500 taxable properties each with an average market value of $100,000.

- Bayern Township has 1,000 taxable properties each with an average market value of $125,000

- Porto Township has 1,800 properties each with an average market value of $250,000

** All these government use an assessment ratio of 75%

The city gets $25,000,000 in state and federal aid for its school district and $23,000,000 in state and federal aid for its city government. Barcelona County has income and sales taxes that bring in a total of $30,000,000.

Each school district in the county has an average of 1 child per household in the school system and the state mandates school spending must be at least $7,000 per student. Porto schools, however, spend $10,000 per student (all others spend the minimum mandated)

Here are the approved budgets for each taxing unit next year (not including

school districts):

Barcelona County: $50,000,000

Madrid Township: $5,000,000

Bayern Munich Township: $4,000,000

Porto Township: $10,000,000

Juventus City: $45,000,000

1. What would an itemized bill for the total property tax look like for a house in Juventus City? What would an itemized bill for the total property tax look like for a house in Bayern Munich Township? In Porto township?

2. What overall observations can you make about the tax rates, tax bills and costs of services across the different jurisdictions.

3. What would be the total effective property tax rates be for a house in Juventus City and another in Porto Township? (Don’t make this too complicated!)

4. What if the County required all jurisdictions to do a comprehensive Reassessment of market value and on average each taxable property goes up 200% in average market value. If all the other information is the same, what happens to the tax rates for each taxing unit? What happens to the dollar amounts due on the tax bills?

Answer rating: 100% (QA)

1 The total property tax for a house in Juventus City would be 2625 This would be calculated as follows 25000000 state and federal aid for school dist... View the full answer