Property tax bill, Suppose that properties in Paragon are

Property tax bill

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Reference no: EM131925123

Suppose that properties in Paragon are not reassessed for tax year 2010, but new construction increases the total appraised value of the town’s taxable property by 2 percent. Furthermore, assume that non-property tax revenue is estimated to be $10 million for the FY ending 2010 (i.e., $1,000,000 lower than FY09) and that budgeted expenditures are estimated to $16,000,000.00. The property tax bill that the Johnson family would face in 2010 is $____________. Note: Please provide the numerical answer without the dollar sign and the comma sign (i.e. 1,000). Also, round your answer to 2 decimal places.

Reference no: EM131925123

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