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Property tax for residential property

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Reference no: EM133306352

Finance - real estate

Oakland City is decide to levy the following mill rates on residential properties in its urban service areas: 3.5 mills for city general services, 1.8 mills for school district, 1.4 mills for regional hospital and library , and 0.85 mills for other urban services. In addition, the following special annual levies per household will also be applied: water and sewer fee $350, recycling and garbage collection services $180, and parks maintenance $70. What will be the property tax for a residential property with an assessed value of $800,000?

Reference no: EM133306352

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