Asked by Anonymous
The assessment rate in the XYZ country is 80% and the tax rate is $66.80 per $1,000 of assessed value. Gregory has one property in the same area, and it has a market value of 250,000. Find the tax due.
Answers
Answered by
Reiny
property is assessed at .8(250,000) = $200,000
so tax = 200,000/1000 * 66.8
so tax = 200,000/1000 * 66.8
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