Order Description

Determine the tax yield for the Milltown District, and write a description of how you determined the tax yield. Your description should include the following:
•The factors you considered in determining the tax yield
•How you determined the tax yield
•The tax yield for each of the individual taxes in this scenario
•The tax yield per student for each of the individual taxes in this scenario
•A summary of the advantages and disadvantages of the revenue sources for the school in this scenario and how this district and its revenue sources compare with your district.

Score with 5-Point Assignment Rubric.

from Appendix:

Assignment 2.1 Resource: Tax Yield in Milltown

Milltown

In the state of West Carolina, Millage is used to determine the taxable yield.

1 mill = .1% of the assessed value of property. In other words, 1 mill = $1 per $1000 of assessed value.

In the Milltown District, the School Board levies the following Millage rates:

5.2 mills Required Fair Share

1.2 mills Discretionary Tax Millage

1.5 mills Capital Outlay

1 mill = .0010, 5 mills = .005

The Milltown property appraiser assigns a taxable property value of $19,800,000,000 for all the property in the Milltown District.

The Milltown District has a student enrollment of 50,000.