Calculate the property tax rate required to meet the budgetary demands of the Following communities. Given these values, calculate the Property Tax Rate in Percent, Per $100, Per $1000, and Mills Community Total Assessed Property Valuation Total Taxes Required $57,000,000 $880,000,000| Ellingham North Shore $2,100,000 $13,600,000

Calculate the property tax rate required to meet the budgetary demands of the Following communities. Given these values, calculate the Property Tax Rate in Percent, Per $100, Per $1000, and Mills Community Total Assessed Property Valuation Total Taxes Required $57,000,000 $880,000,000| Ellingham North Shore $2,100,000 $13,600,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 16EA: Project B cost $5,000 and will generate after-tax net cash inflows of $500 in year one, $1,200 in...

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Calculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Community Total AssessedProperty Valuation Total TaxesRequired perecent per $100 per $1000 mills Ellingham $56,000,000 $2,500,000
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Given the following information, compute the property tax rate for the community in mills. Total budget expenditures: $600,000, Total non-property tax income: $200,000, Total assessed value of all properties: $25 million, Total exemptions: $3 million. Report the number of mills to the nearest whole number
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I have the question and answer below. I just need to know how to get the answer if you could explain it. Determine the tax rate. Round to the nearest cent or nearest hundredth. Assessed property value: $40,356,000Expenses to be funded by property tax: $2,633,000Tax per amount of assessed value: mill Answer: (65.24)