Gold Coast Chapter 18
A tax rate is the percentage at which an item is taxed. (Blank) and (blank) tax rates in Florida are expressed in (blank). The (blank) is (blank) that is used to calculate the tax: -
answersProperty and school;
The form of mills, or millage rates;
Millage rate;
The amount per $ 1,000.
One mil is expressed as (blank), the equivalent of (blank): - answersThe decimal number .001;
1/1,000 of a dollar.
The Florida Constitution limits local government tax rates to (blank) for each taxing authority: - answers10 mills (referred to as the 10 mill cap).
Real estate taxes are "ad valorem" taxes, which means: - answers"According to value" and, therefore are based on the value of the property.
The term "property tax" is used interchangeably with the term (blank): - answers"Ad valorem tax"
The county property appraiser in each county assesses all property for real estate tax purposes each year. The estimate value that is determined by the county. Property appraiser is called: - answersThe assessed value, which by law must be based on the concept of "just value".
A tax rate is the percentage at which an item is taxed. (Blank) and (blank) tax rates in Florida are expressed in (blank). The (blank) is (blank) that is used to calculate the tax: -
answersProperty and school;
The form of mills, or millage rates;
Millage rate;
The amount per $ 1,000.
One mil is expressed as (blank), the equivalent of (blank): - answersThe decimal number .001;
1/1,000 of a dollar.
The Florida Constitution limits local government tax rates to (blank) for each taxing authority: - answers10 mills (referred to as the 10 mill cap).
Real estate taxes are "ad valorem" taxes, which means: - answers"According to value" and, therefore are based on the value of the property.
The term "property tax" is used interchangeably with the term (blank): - answers"Ad valorem tax"
The county property appraiser in each county assesses all property for real estate tax purposes each year. The estimate value that is determined by the county. Property appraiser is called: - answersThe assessed value, which by law must be based on the concept of "just value".
