Ask Question
27 December, 08:10

Mrs. Smith owns a piece of Florida real estate. Her school board millage rate is 4.5, City rate is 3.8 and County rate are 2.4 mils. Her home has been assessed at $225,000. She has a homestead exemption. Using the base homestead exemption, how much money does Mrs. Smith save?

+4
Answers (1)
  1. 27 December, 08:33
    0
    The answer is: $ 10,125.

    Explanation:

    Mrs. Smith has a farm exemption.

    The mileage rate of your school board is 4.5, which is the one that would correspond to your place of residence. Your home has been evaluated at $ 225,000 which multiplied by 4.5 and divided by 100 is equal to: $ 10,125.

    The answer is: $ 10,125.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mrs. Smith owns a piece of Florida real estate. Her school board millage rate is 4.5, City rate is 3.8 and County rate are 2.4 mils. Her ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers