Rosa, age 67, owns a Texas homestead appraised at $400,000. She has the $100,000 school exemption and $10,000 over-65 school exemption. School rate is $1.00/100. What is her school tax?
Correct Answer
D) $2,900
Taxable = $400,000−$100,000−$10,000 = $290,000. Tax = $290,000/100×$1.00 = $2,900.
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