Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was voted one of the top 100 best places to live by Money magazine. With a population of 86,357, a median home price of $216,000, and estimated property taxes at 10.6 mills, how much does the average homeowner pay in property taxes? Note: Round your final answer to the nearest cent. Average homeowner pay in property tax

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
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Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was voted
one of the top 100 best places to live by Money magazine. With a population of 86,357, a median home price of $216,000, and
estimated property taxes at 10.6 mills, how much does the average homeowner pay in property taxes?
Note: Round your final answer to the nearest cent.
Average homeowner pay in property tax
Transcribed Image Text:Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was voted one of the top 100 best places to live by Money magazine. With a population of 86,357, a median home price of $216,000, and estimated property taxes at 10.6 mills, how much does the average homeowner pay in property taxes? Note: Round your final answer to the nearest cent. Average homeowner pay in property tax
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