The real value of property within the city limits is $100 million. The city uses a 50% assessment rate. A 10 mill tax rate will provide tax revenues of:
A) 5000.
B) 50000.
C) $1 million.
D) 500000.
Answer: D) 500000.
Investments MCQ
Municipal Securities
The real value of property within the city limits is $100 million. The city uses a 50% assessment rate. A 10 mill tax rate will provide tax revenues of: