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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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/1.jpg)
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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/2.jpg)
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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/3.jpg)
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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/4.jpg)
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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/5.jpg)
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.](https://reader036.fdocuments.in/reader036/viewer/2022072010/56649db25503460f94aa1e08/html5/thumbnails/6.jpg)
Total Annual Tax Bill = $2901.60 + $2241.00 + $275.00 = $5417.60
Municipal Taxes
Education Taxes
Local Improvement
Taxes