3.27.2012_for_posting (1)

3.27.2012_for_posting (1) - Principles of State and Local...

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4/5/12 LOUISIANA STATE 1 Principles of State and Local Taxation
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Principles of State and Local Taxation Property Taxes Unemployment Taxes Agenda 3/27/2012
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Guest Speaker - PWC Principles of State and Local Taxation Sales and Use Taxes Exam 2 Due Homework 2 Due Next Class Agenda 4/3/2012
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Property Taxes 4/5/12 LOUISIANA STATE 4 Valuation methods Cost Income Market Tax Planning Issues Value of property Jurisdiction of property Jurisdictional approach to valuation of property Property being assessed
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Property Taxes 4/5/12 LOUISIANA STATE 5
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Property Tax Example 4/5/12 LOUISIANA STATE 6 The school board decides that they require $3.515 million based on a prepared budget to fund its salaries, building maintenance, technology costs, etc. The board estimates that they will receive $2 million of this budget from local sales tax. What is the required amount of property tax? The taxing district for the school consists of 150 residential homes, 25 businesses, and 3 utilities properties with a combined appraised value of $94,125,000 and assessed values of $15,000,000. What is the tax rate?
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Property Tax Example – Continued 4/5/12 LOUISIANA STATE 7 If a residential property is appraised at $100,000 what is the assessed value of the home and the property tax on that property ignoring any homestead exemptions? What is the property tax on a $100,000 home if Louisiana has a
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This note was uploaded on 04/05/2012 for the course ACCT 4221 taught by Professor Crumbley,d during the Spring '08 term at LSU.

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3.27.2012_for_posting (1) - Principles of State and Local...

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