Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,

Question

sergey [27]

3 years ago

15

Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,

000. what is the taxable value of emma's property?

Business

1 answer:

iren2701 [21] · Answer 1 · 2022-03-02T02:15:50+03:00

iren2701 [21]3 years ago

6 0

Emma's taxable property value should be $600,000 since her taxes will be based on the assessment not the appraisal and also because she gets the $50,000 tax reduction so therefore to reiterate she will be taxed on only the $600,000.