The annual property tax for this property is

Assignment Help Financial Management

Reference no: EM131503520

1. A municipality has a budget of $13,350.00 and must collect that amount from a tax base of $987,000.00. a PROPERTY within that municipality has an assessed value of $285,000.00. The annual property tax for this property is (appromxialtely)

a. $2,850

B. $2,107

C. $3,353

D. $3,855

2. The closing date of a transaction in December 15th. The property is oil heated and has a 200 gallon oil tank. On the day prior to closing, the tank is filled. The amount required to fill the tank was 122.5 gallons at a pirce of $4.98 per gallon. Who receieves credit on the statement of adjustements and in what amount?

A. $996.00 CREDIT TO THE SELLER

B. $46.39 CREDIT TO THE BUYER

C. $949.61 CREDIT TO SELLER

D. $610.05 CREDIT TO BUYER

Reference no: EM131503520

Questions Cloud

What is operating cash flow : The tax rate is 35 percent. The firm does not have interest expenses. What is the operating cash flow?

The provincial land transfer tax for a commercial property : The Provincial Land Transfer Tax for a commercial property sellling for $387,000 is:

What liquid assests are required : IF THE BUYER WAS ASSUMING EXISITNG FINANCING OF $147,500, WHAT LIQUID ASSESTS ARE REQUIRED?

What is the product life cycle : What is the product life cycle? How does it impact pricing decisions? How many different securities would you need to have a diversified portfolio?

The annual property tax for this property is : A municipality has a budget of $13,350.00 and must collect that amount from a tax base of $987,000.00. The annual property tax for this property is.

What will his weekly payments be if the mortage : What will his weekly payments be if the mortage is at 7.25% and amortized over 15,20, and 25 years respectively?

Distribution of commission between listing-selling brokerage : The two brokerages have agreed to a 50/50 distribution of commission between listing and selling brokerage.

How much profit or loss would tom show after one week : At least on paper, how much profit or loss would Tom show after one week?

Create a coordinate system aligned to the plane of rotation : Define the coordinates of the center of rotation, C, such that is between 1 and 1.5 meters above the ground (and located anywhere in the XY plane).

User Account

All Pages