Suppose a local government has a tax digest of 500 million


1) Suppose a local government has a tax digest of $ 500 million and feels it must raise $ 15 million for the operation of the its school and general government. What would be the millage rate?

2) What characteristic of real estate leads to the need for public land- use controls?

3) Describe the elements usually contained in a comprehensive general plan.

4) How is zoning used to control land use and intensity of use?

5) What is incentive zoning? Performance zoning?

6) Mack owns 25 acres of land on the edge of town on a major road that is now zoned for residential use? He decides he would like to develop this land as an office park and shopping center. What steps would he have to take to secure approval of his project?

7) Mary owns a lot on which she wishes to build her dream house. To her consternation. She finds that if the house is placed on her rather narrow lot, it will fail to meet the side yard setback requirements by three feet. What can she do?

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Business Economics: Suppose a local government has a tax digest of 500 million
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