Jane Miller has a house assessed at $45,000 (45 percent of its sale value). Her tax rate
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Jane Miller has a house assessed at $45,000 (45 percent of its sale value). Her tax rate is $4.20 per $100 AV. Tom Gale has a house assessed at $55,000 (50 percent of its sale value). His tax rate is 35.25 mills. Who pays the greater tax? How much greater?. If both houses were taxed on full market (sale) value with a true tax rate of 23.3 mills, who would pay the greater tax?How much greater?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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