The Town of Simcoe Is Considering Raising the $2 Billion

question 203

Short Answer

The town of Simcoe is considering raising the $2 billion required for a sports complex by approving a new capital levy component of the property tax. The levy must be collected over the next five years. If the total assessed value of property in the town is $875 billion, what additional tax will a home owner of a property assessed at $300,000 pay?

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Definitions:

International Business

The buying, selling, and trading of goods and services across national boundaries.

Large Corporations

Extensive organizations known for their sizable employee count, large operational scope, and substantial market influence.