Effective Tax Rate??

Anonymous

Question description

Remember: Do not round, and leave your numbers as decimals. In Township A, the Assessment Rate is 41% and the Property Tax Rate is \$5.00 per \$100. For the first part to this question, you need to calculate the Effective Property Tax Rate (as a decimal) for Township A. In Township B, the Assessment Rate is 37% and the Property Tax Rate is \$53.00 per \$1,000. For the second part to this question, you need to calculate the Effective Property Tax Rate (as a decimal) for Township B. For the third part, tell me which township is lower, A or B. (Type just A or B.) Remember: Separate each of the 3 parts with slashes. For example, your answer might be: 0.012345/0.0124/A [A is lower, since the 3 is less than the 4.]

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