Hi Folks,
Today we worked on calculating how much property tax will be on specifically valued homes. The formula is
Property Tax = Portioned Assessment x mill rate
1000
Remember that the portioned assessment is 45% of the value of the home.
Also from grade 11 you must recall that to calculate the mill rate you must use the following formula:
Mill Rate = total amount of $ to be raised x 1000
Total value of all homes
Today's assignment was page 155 questions 1 to 10
No comments:
Post a Comment