Given the following information, compute the taxable value for the particular piece of property in dollar terms:
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Question:
Given the following information, compute the taxable value for the particular piece of property in dollar terms: Market value of property: $2,500,000 Assessed value of property: 95 % of the market value of the property Exemptions: $250,000 Taxes paid: $100,250
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078110931
16th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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