Assume the amount of property taxes needed to be collected, Financial Accounting

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Assume the amount of property taxes needed to be collected

Assume the amount of property taxes needed to be collected to support the operation of Quiet City for fiscal year 2015 is $ 3,550,000 . Quiet City expects 4% of property taxes levied will be uncollectible. Assume total assessed value of property is $80,000,000 the value of property exempt from taxation is $2,000,000, and the total amount of exemptions because of military service, age or homestead usage is $2,400,000 . Determine the tax (millage) rate for Quiet City

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Financial Accounting: Assume the amount of property taxes needed to be collected

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Financial Accounting: Assume the amount of property taxes needed to be collected

Reference No:- TGS01058023

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