Business, 01.07.2021 19:40 avillarreal332

A county that did not previously have a property tax levies a property tax for $900,000 in December 2019. The tax is for the budget year January 1 to December 31, 2020. Because it sends out the bills on December 1, it actually collects $500,000 in cash by December 31, 2019. It collects an additional $375,000 of 2020 property taxes during calendar year 2020, $20,000 during January 1 through February 28, 2021, and the remaining $5,000 in June 2021. what adjustment is needed to the data

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A county that did not previously have a property tax levies a property tax for $900,000 in December...