1. An assessment rate is 47%. The property tax is $39.94 per $1,000. What is the effective tax rate? Round to the nearest tenth of percent. 2. A property tax rate is $7.79 per $100 of assessed value. what is the tax rate as a decimal? Please help.
finance
Knight has a property tax base with an appraised value consisting of $142,000,000 of taxable real property and $78,000,000 of taxable personal property. The assessment ratio is 50%. Exemptions for the elderly reduce assessed value by $3,000,000. The city has a planned budget ...
