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Knightstown has a property tax base with an appraised market 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 of $3,500,000 and expects to receive $750,000 in nonproperty tax revenue.
a) Compute the statutary property tax rate.b) Compute the effective property tax rate.c) the Smith family lives in Knightstown. Their property has an appraised value of $4,000. What is their city property tax bill?
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1. Choose a common action of a corporation that is listed on the NYSE and on the basis of prices during the last 60 months to determine their rates of returns during those months and total rate of return; do the same for the same period with the mark..
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