David Saks: December 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Math Class : Lesson 178

                                                             math

A commercial lot is assesed at 60 thousand dollars.

The tax rate has been established to reflect $15.55 per $1000 of assessed valuation.

What is the amount of the property tax ?

Take your time. The answer is posted below the wildlife photograph.

wildlife

A. $933

If the property's assessed value is 60 thousand dollars, multiply 60 (each thousand dollar increment per $1000 of assessed valuation) times $15.55 for a total of $933.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • December 28 2008 01:26AM
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