A homeowner recently bought a $200,000 house. it is assessed for $180,000 in Caddo Parish. The house in inside city limits. Note: property taxes are calulated based on the assessed value, not the sale price. In this case then use $180,000. Also remeber for both city and parish taxes there is a 10% assesment ratio that applies, and for Parish's only there is a $75,000.00 tax exemption. 1. What is the tax bill for Caddo Parish if the tax rate is 150 mills?
A homeowner recently bought a $200,000 house. it is assessed for $180,000 in Caddo Parish. The house in inside city limits. Note: property taxes are calulated based on the assessed value, not the sale price. In this case then use $180,000. Also remeber for both city and parish taxes there is a 10% assesment ratio that applies, and for Parish's only there is a $75,000.00 tax exemption. 1. What is the tax bill for Caddo Parish if the tax rate is 150 mills?
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 45P
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A homeowner recently bought a $200,000 house. it is assessed for $180,000 in Caddo Parish. The house in inside city limits.
Note: property taxes are calulated based on the assessed value, not the sale price. In this case then use $180,000. Also remeber for both city and parish taxes there is a 10% assesment ratio that applies, and for Parish's only there is a $75,000.00 tax exemption.
1. What is the tax bill for Caddo Parish if the tax rate is 150 mills?
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