A typical home in Waukesha County had an assessed value of $218,700. The tax rate is $2.21 per $1,000. What is the amount of property taxes for county services?
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A typical home in Waukesha County had an assessed value of $218,700. The tax rate is $2.21 per $1,000. What is the amount of property taxes for county services?
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- A residence has a market value of $250,000. The municipality's tax policy is set at 80%. Real estate owners must pay two separate taxes: the municipality tax and an education tax. The tax rates for each are set at 1.25% and 0.75% respectively. 1. Calculate the total property tax billIn San Francisco, the tax on a property assessed at $770,000 is $10,780. If tax rates are proportional in this city, how much would the tax be on a property assessed at $930,000?The property taxes on a business office were $1170. What was the tax rate if the business office was valued at $195,000?
- Last year, Marylynn opened Baron’s Appliance Sales and Service. Her tax accountant provided the year’s results. Gross income = $320,000 Business expenses = $149,000 MACRS depreciation = $95,000 Average federal tax rate = 18.5% Average state tax rate = 6% City and county flat tax rates combined = 4.5%Determine the following for Marylynn.a. Taxable income.b. Exact amount of federal income taxes.c. Estimate of percent of the GI needed to pay all income taxes—federal, state, city and county.Below is a graph of the Robinson's annual expenses. How much will the Robinsons pay in state/local taxes if their gross annual household income is S85,420? a.$3.559.17 b. $8,542.00 C. $20.500.80 d. $29,897.00If you pay $1,432.40 in taxes, how much would be put toward townships if your state puts $0.03 of each dollar toward townships?
- The following revenues were among those reported by Tosa Township in 2018:Net rental revenue (after depreciation) from a parking garage owned by Tosa . . . . . . $ 40,000Interest earned on investments held for employees’ retirement benefits. . . . . . . . . . . . . 100,000Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,000,000What amount of the foregoing revenues should be accounted for in Tosa’s governmental funds?a. $6,140,000b. $6,100,000c. $6,040,000d. $6,000,000A homeowner recently bought a $200,000 house. it is assessed for $180,000 in Caddo Parish. The house in inside city limits. Note: property taxes are calulated based on the assessed value, not the sale price. In this case then use $180,000. Also remeber for both city and parish taxes there is a 10% assesment ratio that applies, and for Parish's only there is a $75,000.00 tax exemption. 1. What is the tax bill for Caddo Parish if the tax rate is 150 mills?If your state has a property tax rate of 0.063, and you pay $8,323 in property taxes every year, what is the assessed value of your property? a S132.111.11 b. $58.328.24 $524.35 d.$2.434.90
- Maryanne had gross income of $100,000 in 2022. In 2022, the Maryanne paid the following expenses: Federal income taxes: $11,884 State & local income taxes: $9,756 Sales tax: $1,732 HSA contributions: $2,600 Property taxes on principal residence: $10,046 Mortgage interest on principal residence acquisition indebtedness (mortgage principal is $500,000): $9,793 What is the amount of Maryanne’s total itemized deductions for 2022?Assume you purchased a car from a dealership in Arlington Heights in 2023 for $30,000. Including sales tax, the cost of the car was $33,000. Compute the amount of sales tax from this sale that would be reported by Arlington Heights as home rule sales tax revenue and intergovernmental revenue from sales taxes for 2023. determine the sales tax rate and how it is allocated to the State, Village, Cook County, and a Special District.As the tax assessor for Indian Creek County, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $700,000,000. Currently, the assessment rate is 35% and the tax rate is 40 mills. The county commission increases the assessment rate to 55% and the tax rate to 45 mills. (a) How much property tax (in $) was collected under the old rates? $ (b) How much more tax (in $) revenue will be collected under the new rates? $