Chapter 18, Problem 11AT

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Calculate the assessed value and the property tax due on the following properties.

FairMarket Value |
AssessmentRate |
AssessedValue |
Property Tax Kate |
Property Tax Due |
||||||

11. | $74,430 | 70 | $12.72 per $1,000 |

To determine

**To calculate:** The assessed value and the property tax due on the property if fair market value of the property is

Explanation

**Given Information:**

The fair market value of the property is

**Formula used:**

**Calculation:**

Consider the fair market value of the property is

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