1. 1
DEMAND FOR TAX

2. 2

3. 3
Lester and Amy Turner own a home with a total
portioned assessment of $48,500. The frontage
of their home is 50 feet. Their annual municipal
tax rate is 23.435 mills, their education mill rate
is 30.926 mill. Their property tax includes local
improvements for boulevard construction
$3.60/ft, and lane paving $9.42/ft. They have
provincial tax credits of $250.00. Calculate the
total tax bill for the Turners.

4. 4
General Municipal Tax

5. 5
Education Tax

6. 6
Local Improvements
Local Imp Tax = Frontage x Cost per foot

7. 7
Provincial Tax Credit
An amount that the provincial government takes
off of your total property tax bill

8. 8

9. 9
Assignment #4
Questions 1 ­ 9