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Ms. Brown has a house assessed at $55,800(62 percent of sale value) . Her tax rate is $3.25 per $100 of assessed valuation. Mr. Barnes has a house assessed at $42,720 (48 percent of sale value ). His tax rate is $32.75 per $1,000 (AV)
Who pays the greater tax ?
How much greater?
Using the tax rate and the assessment practices of Ms. Brown 's district , how much tax would Mr. Barnes pay?

2007-07-21 09:45:39 · 1 answers · asked by sharon s 1 in Business & Finance Other - Business & Finance

1 answers

Ms. Brown: (55,800/100)*3.25 = 1,813.50
Mr. Barnes: (42,720/1000)*32.75 = 1,399.08
Difference: 1,813.50 - 1,399.08 = 414.42

Barnes in Brown district: (42,720/100)*3.25 = 1,388.40

2007-07-21 12:25:50 · answer #1 · answered by mindcrime828 7 · 0 0

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