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state corporate income taxes
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Carl owns property with an assessed value of 72450 If the tax rate is 6.82 percent of the assessed value how much tax does Carl owe?
$4,941.09
What is the total amount of tax due on a property with an assessed value of 165000?
You need to first find out the tax rate levied per $1,000 (this is called a millage rate) or per $100 of assessed value. This information is readily available from your local assessor, tax collector, or tax official. Property taxes are calculated using the following formula: Assessed value divided by 1,000 (if a millage rate is applied) or 100 (if a rate per $100 is applied) multiplied by the tax rate per $1,000 or per $100 of assessed value. For example, if the real estate tax rate for your community is $1.25 per $100 of assessed value, the amount of annual real estate tax would be: 165,000 divided by 100 = 1,650 multiplied by $1.25 = $2,062.50.
Which tax is levied at a flat rate?
Sales tax
What is tax rate?
A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.
An example of a flat tax?
For example, Slovakia - 19% flat tax rate (Corporate income tax, Personal income tax, and Value-Added Tax)
Carl owns property with an assessed value of 72450 If the tax rate is 6.82 percent of the assessed value how much tax does Carl owe?
$4,941.09
Who is benefited with the flat tax?
The tax payers who would normally pay a higher rate than the flat tax rate. With a flat tax, it sure would be easier for the tax commission and IRS to review tax returns.
Which tax is levied at a flat rate?
Sales tax
What is the total amount of tax due on a property with an assessed value of 165000?
You need to first find out the tax rate levied per $1,000 (this is called a millage rate) or per $100 of assessed value. This information is readily available from your local assessor, tax collector, or tax official. Property taxes are calculated using the following formula: Assessed value divided by 1,000 (if a millage rate is applied) or 100 (if a rate per $100 is applied) multiplied by the tax rate per $1,000 or per $100 of assessed value. For example, if the real estate tax rate for your community is $1.25 per $100 of assessed value, the amount of annual real estate tax would be: 165,000 divided by 100 = 1,650 multiplied by $1.25 = $2,062.50.
IJohn and Mary billings own a condominium with an assessed value of 11000000 If the tax rate is 25 mills per 100 of assessed valuation how much tax do they pay?
A. $2,750
John and Mary billings own a condominium with an assessed value of 11000000 If the tax rate is 25 mills per 100 of assessed valuation how much tax do they pay?
The answer is $2,750
What is a tax rate?
A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.
What is tax rate?
A tax assessed on real estate by the local government. The tax is usually based on the value of the property (including the land) you own.
What has the author Michael A Walker written?
Michael A. Walker has written: 'Focus on flat-rate tax proposals' -- subject(s): Income tax, Canada 'On flat-rate tax proposals' -- subject(s): Flate-rate income tax
An example of a flat tax?
For example, Slovakia - 19% flat tax rate (Corporate income tax, Personal income tax, and Value-Added Tax)
What is the total amount of tax due on a property with an assessed value of 315.200 when the property tax rate is 53.7 mills?
$16,926.24
What does the “equity” of a tax mean?
the tax is fairly assessed
