February 10th, 2007 | 
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Julie asked:
What is the amount of real estate tax due on a property with a market of $140,000 if it is assessed at 30% of market value, has an equalizer of 1.5, and a tax rate of $5 per $100 of assessed value?
Chris Dugue
What is the amount of real estate tax due on a property with a market of $140,000 if it is assessed at 30% of market value, has an equalizer of 1.5, and a tax rate of $5 per $100 of assessed value?
Chris Dugue
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Approximately 140,000 * .3 * 1.5 * 5/100