MATH Flashcards

1
Q

Mill rate

A

Every $1000 of net taxable value

Net taxable $1,000,000 (divide by 1000)
Then multiple to the —> Tax rate 4.9762
Property tax = $4,9762

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2
Q

COST APPROACH

A
Site value
\+improvements
-depreciation
————————
MARKET VALUE
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