Budgeted town expenditures 1500000000 estimated, Business Economics

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Budgeted town expenditures 1500000000 estimated

Budgeted town expenditures: $15,000,000.00 Estimated non-property tax revenues: $11,000,000.00 Appraised value of property: $200,000,000.00 Total exemptions for the elderly: $8,000,000.00 Assessment ratio: 60%

The Johnson family has property with an appraised value of $90,000.00. The family is not entitled to any exemptions. Calculate their 2009 property tax bill. Their 2009 property tax bill is $_____________.

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