An Arizona parcel shows an assessed value of $25,650.00. If an exemption of $1,000.00 applies, what net assessed value should be used?
Correct Answer
C) $24,650.00
Net assessed value = assessed value − exemption = $25,650.00 − $1,000.00 = $24,650.00.
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An Arizona tax worksheet shows a value base of $420,000.00, an assessment ratio of 15%, and a rate of $9.40 per $100 of assessed value. What is the annual property tax?
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A county levy applies to Arizona property valued at $510,000.00. If the assessment ratio is 15% and the tax rate is $8.10 per $100 of assessed value, what annual tax is due?