Property tax rate-assessed valuation
The city has an assessed valuation of $280,000,000 collects 96% of its property tax annualyy, and is budgeting #4,000,000 in nonporperty tax revenues and $6,500,000 in expenditures. What will its property tax rate be per $100 of assessed valuation?
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The information that is being presented to you pertains to the transactions for the city of Middleville for the fiscal year ended June 30, 2012.
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The city has an assessed valuation of $280,000,000 collects 96% of its property tax annualyy, and is budgeting #4,000,000 in nonporperty tax revenues and $6,500,000 in expenditures. What will its property tax rate be per $100 of assessed valuation
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