what is the annual real estate tax on a property that is valued at $135,000 and assessed for tax purposes at $47,250 with an equalization factor of 125%, when the tax rate is $2.50 per $100? a. $1,417.50 b. $1,476.56 c. $4,050 d. None of the above the answer is B but can you show the steps
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- What is the tax on a property with an assessed value of $88,700 if the tax rate is 4.5% of the assessed value? Property tax = $(Round to the nearest cent.)The tax on a property with an assessed value of $70,000 is $1,100. What is the assessed value of a property if the tax is $1,400? (Remember to round to the nearest cent)Find the property tax on a vacant lot with an assessed value of $32,900 and a tax rate of $4.52 per $100 of assessed value. The property tax is $. (Round to the nearest cent.) HOLEN
- Calculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed value Amount of property tax due $8.75 per $100 $125,000Calculate the assessed value (in $) and the property tax due (in $) on the property. (Round your answers to the nearest cent.) Fair Market Assessment Assessed Property Tax Rate Property Value Rate Value Tax Due $342,900 74 5.1% $5. Bradkin's Toggery owns property with a fair market value of $209,200. Property in the area is assessed at 30% of fair market value with a tax rate of 3.65%. Find the annual tax. [13.1] 5
- 11. You have some property which has an assessed value of $240,500. If the tax rate is 65.90 mills, calculate the tax due (in $). $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)a. Fill in the following table assuming MACRS depreciation rates (10 points) Year 0 1 2 3 4 5 6 Pretax income MACRS Taxable Depreciation income Tax owed After tax income Inflation adjustment factor Real after tax income b. If MARR = 18%, should you purchase this system based on your real after-tax income? Why or why not? (5 points)
- What is the depreciation tax shield if EBIT is $1,500,000, depreciation expense is $200,000, interest expense is $300,000, and the tax rate is 25%? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.The assessed value on a property increased from $342,000 last year to $365.000 in the current year. Last year's property tax rate was $1.61074 per $100 of assessed value. a. What will be the change in the property tax from last year if the new tax rate is set at $1.56443 per $100? (Round your answer to 2 decimal places.) Change in property taxes increase b. What would the new tax rate have to be for the dollar amount of the property taxes to be unchanged? (Round your answer to 5 decimal places.) New tax rate per $100 ReferencesThe total tax on an income of $256,600 is: Select one: a. $96,194 b. $113,900 c. $112,944 d. $128,544 e. $83,324 ???
