What is the tax rate the county should set expressed

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Your County, Georgia needs to raise $7 million from its property taxes for the county’s budget. If the county has $600,000,000 total tax digest/taxable property value, what is the tax rate the county should set expressed per $100?

$_______

Another County, Georgia needs to raise $5 million from its property taxes for the county’s budget. If the county has $600,000,000 total tax digest/taxable property value, what is the tax rate the county should set expressed in mills?

$_______

Joe Citizen lives in a house he owns in Another County, Georgia that the tax assessor placed a market value of $200,000 on. He forgot to apply for his homestead exemption. What is the assessed value of Joe’s property?

$________

Jane Citizen lives in a house she owns in Another County, Georgia that the tax assessor placed a market value of $200,000 on. She applied and received a $2,000 homestead exemption. What is the taxable value of Jane’s property?

$_________

How much would Jane’s County tax bill be for the year?

$_________

Reference no: EM131009896

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