Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50...

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Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education mill rate is 12.450. Doreen's property will be assessed a local improvement tax of $5.50 per foot for street lighting. Calculate Doreen's total annual tax bill.

Transcript of Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50...

Page 1: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Doreen's property has a portioned assessed value of $180 000

and the property has a frontage of 50 feet. The municipal mill

rate is 16.120 and the education mill rate is 12.450. Doreen's

property will be assessed a local improvement tax of $5.50 per

foot for street lighting.

Calculate Doreen's total annual tax bill.

Page 2: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Doreen's property has a portioned assessed value of $180

000 and the property has a frontage of 50 feet. The

municipal mill rate is 16.120 and the education mill rate

is 12.450. Doreen's property will be assessed a local

improvement tax of $5.50 per foot for street lighting.

Calculate Doreen's total annual tax bill.

Page 3: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Municipal taxes

Doreen's property has a portioned assessed value of $180

000 and the property has a frontage of 50 feet. The municipal

mill rate is 16.120 and the education mill rate is 12.450.

Doreen's property will be assessed a local improvement tax of

$5.50 per foot for street lighting.

Municipal taxes = $180 000/1000 x 16.120 = $2901.60

Page 4: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Education Taxes

Doreen's property has a portioned assessed value of $180 000

and the property has a frontage of 50 feet. The municipal mill rate is

16.120 and the education mill rate is 12.450. Doreen's property

will be assessed a local improvement tax of $5.50 per foot for street

lighting.

Education Taxes = $180 000/1000 x 12.450 = $2241.00

Page 5: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Local Improvement Taxes

Doreen's property has a portioned assessed value of $180 000 and

the property has a frontage of 50 feet. The municipal mill rate is

16.120 and the education mill rate is 12.450. Doreen's property

will be assessed a local improvement tax of $5.50 per foot for

street lighting.

Local Improvement Taxes = 50 feet x $5.50/foot = $275.00

Page 6: Doreen's property has a portioned assessed value of $180 000 and the property has a frontage of 50 feet. The municipal mill rate is 16.120 and the education.

Total Annual Tax Bill = $2901.60 + $2241.00 + $275.00 = $5417.60

Municipal Taxes

Education Taxes

Local Improvement

Taxes