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Business, 02.10.2019 03:20 harleyandpope90

The county legislature approved its 2020 budget. revenues from property taxes are estimated to be $800,000. the assessed value of all the property in the county is $40 million. the county has received certificates for property tax exemption of consisting of $3 million for homestead exemptions, $1.3 million for veterans, $700,000 for old age, and $5 million for nonprofits. in addition, the county believes all property taxes will be collectible. what property tax rate per $1,000 of net assessed value must the county charge to collect sufficient property taxes to meet its $800,000 estimate

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