Given Gross family income $150000, then After income tax income (or take home money) is ~$105000. Property tax $5000, leading to tax rate being 5000/105000 of 4.76%!
Do not forget the property tax is imposed on the income
after income tax! Based on the your figure, an estimate of property tax is as below.
Given Gross family income $150000, then After income tax income (or take home money) is ~$105000. Property tax $5000, leading to tax rate being 5000/105000 of 4.76%!
Given Gross family income $150000, then After income tax income (or take home money) is ~$105000. Property tax $5000, leading to tax rate being 5000/105000 of 4.76%!
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