Homework Answers
Answer 1:
Working:
Mill rate is property tax amount per $1,000
Hence annual property tax = 444300.22 / 1000 * 8.6869 =$3859.59
Monthly property tax = 3859.59 / 12 = $321.63
Answer 2:
City of Edmonton, property taxes are due by June 30.
As such adjustment will be paid by seller to you.
Adjustment amount from Jan 1 to Mar 31 (90 days) = 3859.59 * 90 /365 = $951.68
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