1 answer

Part B: The municipal mill rate in the neighbourhood is 22.375 mills. There is an educational...

Question:

Part B:

The municipal mill rate in the neighbourhood is 22.375 mills. There is an educational mill rate of 11.35 mills.

The following list is the municipalities planned local improvement costs for the next 25 years in that neighbourhood:

  •  Boulevard reconstruction costs $4.25/foot

  •  Water renewal costs $1.90/foot

  •  Concrete street paving costs $2.65/foot

  •  Land drainage system costs $6.10/foot

    Find the total cost of the property taxes over the amortization period chosen.


Answers

Calculation of total cost:

Particulars Amount
Municipal mill rate 22.375
Educational mill rate 11.35
Total Mill Rate (A) 33.725
Boulevard reconstruction costs 4.25
Water renewal costs 1.9
Concrete street paving costs 2.65
Land drainage system costs 6.1
Total cost (B) 14.9
Cost for property tax (A-B) 18.825
.

Similar Solved Questions

1 answer
If I invest 3 million dollars, and I believe I will have sales of 100k in...
If I invest 3 million dollars, and I believe I will have sales of 100k in the first year and after that sales will increase by 25% per year for the next 3 years. After that sales will grow at a constant 3% rate forever. Market risk premium of 4.4%. 1 year tbill yield curve of 2.6%. Beta is .52. Shou...
1 answer
"perhaps more than any other single measurement, atmospheric pressure is the best indicator of current and changing weather conditions
"perhaps more than any other single measurement, atmospheric pressure is the best indicator of current and changing weather conditions." explain and discuss thy this statement is correct. provide some examples (hint: discuss the difference in high and low pressure systems. how does each affe...
1 answer
Listed below are time intervals (min) between eruptions of a geyser. Assume that the "recent" times...
Listed below are time intervals (min) between eruptions of a geyser. Assume that the "recent" times are within the past few years, the "past" times are from around 20 years ago, and that the two samples are independent simple random samples selected from normally distributed populati...
1 answer
Please I need an answer. The question is correct. QUESTION ONE The treasurer of Kakeldadi's Club...
Please I need an answer. The question is correct. QUESTION ONE The treasurer of Kakeldadi's Club has presented the following Information to you on 31" December, 2018 Cash transactions for the year ended 31 December, 2018 were as follows GH¢ GHE Cash -balance (1" January, 2018) 9,300...
1 answer
Design a 35-km pipe (e=.00015m) to carry petroleum (sg = 0.82) with head losses of 5.4m...
Design a 35-km pipe (e=.00015m) to carry petroleum (sg = 0.82) with head losses of 5.4m per 1000m. viscosity = 1.2x10^-6 m^2/s. Q = 0.16cms...
1 answer
A 0.2 kg cannon ball is fired at an upward angle of 45° from the top...
A 0.2 kg cannon ball is fired at an upward angle of 45° from the top of a 165 m cliff with a speed of 175 m/s. (A) Using conservation of energy, find the speed it has when it strikes the ground below. Suppose the cannon ball lands in a soft, muddy field. The force of the field is 75 N on the pro...
1 answer
Consider the following demand and cost functions; P = 16000 - 4Q Q = Q. +...
Consider the following demand and cost functions; P = 16000 - 4Q Q = Q. + Q: C(0) = 4000Q. C:(02) = 600002 (2) Stackelberg Model. Assume that firm 1 is the leader. (a) (2 points) What is the output for each firm? (b) (3 points) What is the market equilibrium price and quantity? (c) (2 points) What i...
1 answer
Determine the missing amounts in each of the following independent cases. Case A Case B 92,000...
Determine the missing amounts in each of the following independent cases. Case A Case B 92,000 Case C 6,000 31,000 196,000 280,000 220,000 271,000 317,000 380,000 580,000 1,120,000 86,000 70,500 96,000 207,000 1,115,000 76,000 121,000 Beginning inventory, raw material Ending inventory, raw material ...
1 answer
Required information The following information applies to the questions displayed below.) The partnership agreement of the...
Required information The following information applies to the questions displayed below.) The partnership agreement of the G&P general partnership states that Gary will receive a guaranteed payment of $17,400, and that Gary and Prudence will share the remaining profits or losses in a 45/55 ratio...
1 answer
To be truly successful teacher aide in a nonbiased culturally diverse classroom you must
to be truly successful teacher aide in a nonbiased culturally diverse classroom you must? (a)be concerned about and aware of the problems of both minority and nonminority students (b)be particulary sensitive to minority students as many come from unstable homes (c)rely on and participate in your sch...
1 answer
1) How do changes in the ratio of current liabilities to total assets affect profitability and...
1) How do changes in the ratio of current liabilities to total assets affect profitability and risk? 2) In most economic conditions, current liabilities are a cheaper form of financing than long-term funds...Think about what this means for the financing costs and the firm’s profits....
1 answer
Annapolis Clothing Company manufactures quality boating attire. The following selected financial information for the fiscal year...
Annapolis Clothing Company manufactures quality boating attire. The following selected financial information for the fiscal year 2018 is provided: Item Amount Sales $200,000 Cost of Goods Manufactured 57,000 Direct Material Purchased 80,000 Factory Overhead 20,000 Work in Process - January 1 60,000 ...
1 answer
A shaft manufactuer takes readings of some shafts during a shift (one out of every 100...
A shaft manufactuer takes readings of some shafts during a shift (one out of every 100 parts). the data provided is 6, 7, 7, 8, 8, 8, 8, 9, 9, 10, 10, 10, 10, 11, 11, 12. 1.) What is the percent of shafts between 6 and 8mm (must use z score)? 2.) construct a histogram of the sample with a cell int...
1 answer
Steven says that the period T of an object on a spring is depends on the...
Steven says that the period T of an object on a spring is depends on the mass m of the object and the spring constant k of the spring in the following way: T=2π(m/k). Jessica says that the period T of an object on a spring is depends on the mass m of the object and the spring constant k o...
1 answer
Perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salaries...
perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. NELSO...
1 answer
The percent yield for the reaction PCl3 + Cl2 → PCl5 is 82.2 percent. What mass...
The percent yield for the reaction PCl3 + Cl2 → PCl5 is 82.2 percent. What mass of PCl5 would be expected from the reaction of 34.4 grams of PCl3 with excess chlorine?...
1 answer
Describe IN POINT FORM what happens when you raise the temperature of a sample of water...
Describe IN POINT FORM what happens when you raise the temperature of a sample of water from - 100 to +300 at a constant pressure of 0.5 atm. You'll type in your answer below. MAKE REASONABLE ESTIMATES OF TEMPERATURE AS NEEDED. (Assume that 0.5 atm is about where the little double dashes are on ...
1 answer
Required information (The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was...
Required information (The following information applies to the questions displayed below) Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes Payable ...