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Calculate the property taxes due

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Reference no: EM132768600

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Q1. A property has an assessed value of $210,000. The homeowner qualifies for homestead exemption. The applicable millage rates are 10city, 10 county, and 9.8 school mills. Calculate the property taxes due.

$6,013 total taxes due.

$7,013 total taxes due.

$5,013 total taxes due.

$8,013 total taxes due.

Q2. How much in tax savings does this owner realize by homesteading the property?

$1,245 total tax savings.

$1,265

$1,255 total tax savings.

$1,275

Q3. Assume the property is located outside the city limits. Calculate the applicable property taxes.

$3,413 total taxes due.

$3,513 total taxes due.

$3,713 total taxes due.

$3,613 total taxes due.

Q4. Assume the property owner is a legally blind widower. The owner lives within the city limits. Calculate the applicable property taxes.

$4,986.20

$4,985.20

$4,983.20 total taxes due.

$4,984.20

Reference no: EM132768600

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