1 the total assessed value for all private property in the, Ask an Expert

Management Studies

1. The total assessed value for all private property in the Anvil Public School district is $4 billion. Properties are taxed at a rate of 18% of this value. The school budget for the coming year is $62 million. Calculate the mil rate and rate per hundred. Note: save your calculations for the following question.

A. mil rate = .19; rate per hundred = $19

B. mil rate = .0816; rate per hundred = $8.16

C. mil rate = .668; rate per hundred = $66.80

D. mil rate = .836; rate per hundred = $8.36

2. The total assessed value for all private property in the Anvil Public School district is $4 billion. Properties are taxed at a rate of 18% of this value. The school budget for the coming year is $62 million. The Hitchcock family residence has an assessed market value of $212,000. What will their property tax bill be? Note: use your calculations from the Anvil Schools question.

A. $2,332

B. $2,598

C. $3,287

D. $12,275

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92598663

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