The home of Peter Max is assessed at $180,000. The tax rate is 7.50 mills. What is the tax on Peter's home?
BJ's Warehouse has a market value of $900,000. The property in BJ's area is assessed at 35% of the market value. The tax rate is $66.50 per $1,000 of assessed value. What is BJ's property tax?
The Arkansas sales and use tax rate increased from 4.625% to 5.125%. Claudia McClain recently purchased a Ford Explorer for $28,600. (a) What was the amount of sales tax Claudia paid? (b) How much would she have saved before the increase?
Kiplinger's Car Buyers Guide lists a Mercedes-Benz S600 four-door at $135,845. Illinois has a 7% sales tax on automobiles. What will be the sales tax and the total price of the Mercedes-Benz?
A Kenwood mansion in Chicago formerly owned by boxing legend Muhammad Ali, was on the market. The listing price$1,600,000 stings like a bee but the amenities float like a butterfly. The Chicago assessment rate is 33%, and the tax rate is .0285. What is the total property tax for the year on this property?
The Boston Globe reported on a proposed cigarette tax increase. If the bill becomes a law, the Massachusetts tobacco excise tax would rise to $1.26 per pack. If a package of cigarettes sells for $3.00, what percent of this price is excise tax?
Bake Line Products is seeking to have its property reassessed from the $2.27 million, at which it's now valued, to $1.98 million. The owners of the Golf Center hope to have their property reassessed from $848,730 to $593,575. The current tax rate is .0725. If both companies win what will be the total loss in tax revenue? Round to the nearest ten thousands.
A $225,000 hone in Pittsburgh, Pennsylvania, is assessed at 30% of the market value. The tax rate per dollar for the Pittsburgh home is .0800. A $225,000 home in Houston, Texas, is assessed at 30% of the market value. The tax rate per dollar for the Houston home is .0767. What is the total dollar difference in property taxes between these two homes?
The owner of a house on Hall Street in Downers Grove, Illinois, received a $3,095.41 tax bill based on a $170,600 home. The village assessment rate is 31% of the market value, and the tax rate is .0585. The owner wants to estimate what his taxes will be for the next year. The assessor told him that market values are expected to increase by 2% next year and the tax rate will remain about the same. The owner also plans to install a $10,300 swimming pool. What would be the assessed value of the house in the New Year?
The Herald-Journal reported on the property taxes of Wellford, South Carolina. The city council took the first step toward approving next year's budget, which will more than double property taxes for Wellford residents. A 40-mill tax increase will be required, taking the rate from 29 mills to 69 mills. The assessment rate is 40%. The total proposed budget for Wellford is $739,000, about 18% more than last year. (a) What would the owner of a $50,000 home pay in property taxes?
