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Mathematics, 26.01.2021 05:00 leelee85503

1. Cobb County GA just figured out its budget for the year.  The budget is $9,000,000 of which $8,200,000 is going to be covered by tickets, registration fees, etc.  They are now short $800,000 and need to levy that against property taxes. The assessed value of all properties in Cobb County is $40,000,000, and assessment rate is 40%. Mr. Jones owns a property in Cobb County, the market value of which is $480,000.
1.Please figure out the tax rate:

2.Convert the tax rate to MILS

3.Calculate the ad valorem taxes for Mr. Jones’ home
2. In an area where the assessment rate is 35% and the tax rate is 20 MILS for property and 5 MILS for school tax, calculate Ms. Smith’s tax bill if her house’s market value is $246,000 and she has a homestead exemption of $10,000.

3. Mr. Brown’s home is assessed at $126,000 and the tax rate in the county is .035.  What are his taxes for the year?

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1. Cobb County GA just figured out its budget for the year.  The budget is $9,000,000 of which $8,20...

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