A homeowner recently bought a $200,000 house. It is assessed for $180,000 in Caddo Parish. The house is inside the city limits. Please note that property taxes are calculated based on the assessed value, not the sale price. In this case then use $180,000. 1) What is the tax bill for Caddo Parish if the tax rate is 150 mills? 2)What is the tax bill for the City of Shreveport if the tax rate is 55 mills? (remember the homestead exemption does not apply for city taxes).
A homeowner recently bought a $200,000 house. It is assessed for $180,000 in Caddo Parish. The house is inside the city limits. Please note that property taxes are calculated based on the assessed value, not the sale price. In this case then use $180,000. 1) What is the tax bill for Caddo Parish if the tax rate is 150 mills? 2)What is the tax bill for the City of Shreveport if the tax rate is 55 mills? (remember the homestead exemption does not apply for city taxes).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A homeowner recently bought a $200,000 house. It is assessed for $180,000 in Caddo Parish. The house is inside the city limits.
Please note that property taxes are calculated based on the assessed value, not the sale price. In this case then use $180,000.
1) What is the tax bill for Caddo Parish if the tax rate is 150 mills?
2)What is the tax bill for the City of Shreveport if the tax rate is 55 mills? (remember the homestead exemption does not apply for city taxes).
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