A homesteaded property is located in Sunrise, Florida, in Broward County. The city tax rate is 8.6 mills, the county tax rate is 9.2 mills, and the school district tax rate is 6 mills. The homeowner is a blind widow and has qualified for homestead exemption. The home has been assessed at $178,000. What must the homeowner pay in property taxes

Respuesta :

Answer:

$3,220.20

Explanation:

In Florida every home owner can receive a $25,000 exemption for his/her residence and qualifying taxpayers can receive an additional $25,000 exemption that doesn' apply to school district taxes.

city taxes = [($178,500 - $50,000) / 1,000] x 8.6 = 129 x 8.6 = $1,109.40

country taxes = [($178,500 - $50,000) / 1,000] x 9.2 = 129 x 9.2 = $1,186.80

school district taxes = [($178,500 - $25,000) / 1,000] x 6 = 154 x 6 = $924

total taxes = $1,109.40 + $1,186.80 + $924 = $3,220.20