SOLUTION: A property is of rateable value​ of $ 25000. Calculate the rates at 65cents in the dollar
Algebra.Com
Question 1117409: A property is of rateable value of $ 25000. Calculate the rates at 65cents in the dollar
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
i think you would simply multiply the rateable value by the multiplier, which is 65 cents to the dollar.
25000 * .65 = 16250.
note that this multiplier looks very much like a busineess multiplier.
that is applied to a place of business.
the domestic rates appear to be much lower.
from what i understand, the rateable value is similar to an assessment of the value of your property for tax purposes.
you then pay the government a certain amount of money based on the tax rate, or multiplier, of that assessed value.
here's a couple of references that i found that might be helpful.
this first one is a calculator.
it's interesting that the business tax was pretty close to .65, although not right on.
https://lpsni.gov.uk/calc/index.htm
it looks like taxable rates and multipliers are used in the united kingdom.
here's another reference that explains a little about what the rateable value is all about.
https://www.collinsdictionary.com/dictionary/english/rateable-value
there are other reference on the web that you can find by doing a search.
RELATED QUESTIONS
A property is of rateable value of $25000. Calculate the rates at 65cents in the... (answered by Shin123)
A property is of rateable value of $25000. Calculate the rates at 65cents in the... (answered by Shin123)
A coincoin sold for $239 in 1980 and was sold again in 1987 for $443. Assume that... (answered by stanbon)
Ralph Chase plans to sell a piece of property for $145000. He wants the money to... (answered by Theo)
The initial value of a vehicle is 25000 each year it depreciates V=25000(0.8)^t Will the (answered by ikleyn,MathLover1,MathTherapy)
Ralph Chase plans to sell a piece of property for $155000. He wants the money to... (answered by jorel555)
To save for retirement, you decide to deposit $1250 into an IRA at the end... (answered by ikleyn)
A company invests a total of $50,000 of surplus funds at two annual rates... (answered by richwmiller)
Eight hundred chances are sold at $6 apiece for a raffle. There is a grand prize... (answered by alanc)