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Question 2) In Canvas I have uploaded a sample tax sheet labeled "TAX." (it is similar to a property tax bill). Based upon your required reading in Chapter 4, tell me the Effective Tax Rate for this property? (5 Points)

RESULTS CUSTOMER SERVICE REQUEST ONLY PAYMENTS AS OF 07/25/2019 SEARCH PARAMETERS ENTERED APN: 525-0-020-255 APN: 525-0-020-255 STATEMENT: 2500330 TRA: 08187 - THOUSAND OAKS ACQ DATE: 07/31/2012 DOC#: 2012-133757 SITUS: 75 W THOUSAND OAKS BLVD THOUSAND OAKS CA 91360-4416 MAIL: 75 W THOUSAND OAKS BL THOUSAND OAKS CA 91360 ASSESSED OWNER(S) 2018-19 ASSESSED VALUES WESTCHASE MINI SUITES LLC LAND 1,719,099 IMPROVEMENTS 2,105,025 TRADE FIXTURE 167,700 TAXABLE 3,991,824 2018-19 TAXES 1ST INST 2ND INST TOTAL TAX STATUS PAID PAID PAYMENT DATE 12/10/2018 04/01/2019 DELINQUENT DATE 12/10/2018 04/10/2019 INSTALLMENT 24,301.03 24,301.03 48,602.06 PENALTY 2,430.10 2,460.10 4,890.20 BALANCE DUE .00 ASSESSMENT DETAIL ACCT # TYPE AMOUNT DESCRIPTION OF ASSESSMENT(S) 14 06 SPEC TAX 519.20 FLOOD ZN 3 BENEFIT ASSMT 17 36 MAINT DISTRICT 334.34 CONEJO REC DIST #62 08 24 WATER 111.50 CALLEGUAS STANDBY 14 50 SPEC TAX 102.76 VCFCD NPDE ASMT TH. OAKS ZN3 14 34 SPEC TAX 87.30 VCFCD NPDE ASMT. TH. OAKS-3 01 22 LIGHTING 34.16 CITY THOUSAND OAKS 03 01 VECTOR CONTROL 32.22 COUNTY OF VENTURA 08 22 WATER 21.36 METRO DISTRICT - STANDBY 1,242.84 TOTAL OF SPECIAL ASSESSMENTS ADDITIONAL PROPERTY INFORMATION COUNTY USE CODE: 1511 LOT SQ FEET: 97,138 YR-BLT: 1968 STANDARD LAND USE: HOTEL .00 .00 CUSTOMER SERVICE REQUEST ONLY PAYMENTS AS OF 07/25/2019 SEARCH PARAMETERS ENTERED APN: 525-0-020-255 APN: 525-0-020-255 STATEMENT: 2500330 TRA: 08187 - THOUSAND OAKS ACQ DATE: 07/31/2012 DOC#: 2012-133757 SITUS: 75 W THOUSAND OAKS BLVD THOUSAND OAKS CA 91360-4416 MAIL: 75 W THOUSAND OAKS BL THOUSAND OAKS CA 91360 ASSESSED OWNER(S) 2018-19 ASSESSED VALUES WESTCHASE MINI SUITES LLC LAND 1,719,099 IMPROVEMENTS 2,105,025 TRADE FIXTURE 167,700 TAXABLE 3,991,824 2018-19 TAXES 1ST INST 2ND INST TOTAL TAX STATUS PAID PAID PAYMENT DATE 12/10/2018 04/01/2019 DELINQUENT DATE 12/10/2018 04/10/2019 INSTALLMENT 24,301.03 24,301.03 48,602.06 PENALTY 2,430.10 2,460.10 4,890.20 BALANCE DUE ASSESSMENT DETAIL ACCT # TYPE AMOUNT DESCRIPTION OF ASSESSMENT(S) 14 06 SPEC TAX 519.20 FLOOD ZN 3 BENEFIT ASSMT 17 36 MAINT DISTRICT 334.34 CONEJO REC DIST #62 08 24 WATER 111.50 CALLEGUAS STANDBY 14 50 SPEC TAX 102.76 VCFCD NPDE ASMT TH. OAKS ZN3 1434 SPEC TAX 87.30 VCFCD NPDE ASMT. TH. OAKS-3 01 22 LIGHTING 34.16 CITY THOUSAND OAKS 03 01 VECTOR CONTROL 32.22 COUNTY OF VENTURA 08 22 WATER 21.36 METRO DISTRICT - STANDBY 1,242.84 TOTAL OF SPECIAL ASSESSMENTS ADDITIONAL PROPERTY INFORMATION COUNTY USE CODE: 1511 LOT SQ FEET: 97,138 YR-BLT: 1968 STANDARD LAND USE: HOTEL END OF SEARCH .00 SD RESULTS CUSTOMER SERVICE REQUEST ONLY PAYMENTS AS OF 07/25/2019 SEARCH PARAMETERS ENTERED APN: 525-0-020-255 APN: 525-0-020-255 STATEMENT: 2500330 TRA: 08187 - THOUSAND OAKS ACQ DATE: 07/31/2012 DOC#: 2012-133757 SITUS: 75 W THOUSAND OAKS BLVD THOUSAND OAKS CA 91360-4416 MAIL: 75 W THOUSAND OAKS BL THOUSAND OAKS CA 91360 ASSESSED OWNER(S) 2018-19 ASSESSED VALUES WESTCHASE MINI SUITES LLC LAND 1,719,099 IMPROVEMENTS 2,105,025 TRADE FIXTURE 167,700 TAXABLE 3,991,824 2018-19 TAXES 1ST INST 2ND INST TOTAL TAX STATUS PAID PAID PAYMENT DATE 12/10/2018 04/01/2019 DELINQUENT DATE 12/10/2018 04/10/2019 INSTALLMENT 24,301.03 24,301.03 48,602.06 PENALTY 2,430.10 2,460.10 4,890.20 BALANCE DUE .00 ASSESSMENT DETAIL ACCT # TYPE AMOUNT DESCRIPTION OF ASSESSMENT(S) 14 06 SPEC TAX 519.20 FLOOD ZN 3 BENEFIT ASSMT 17 36 MAINT DISTRICT 334.34 CONEJO REC DIST #62 08 24 WATER 111.50 CALLEGUAS STANDBY 14 50 SPEC TAX 102.76 VCFCD NPDE ASMT TH. OAKS ZN3 14 34 SPEC TAX 87.30 VCFCD NPDE ASMT. TH. OAKS-3 01 22 LIGHTING 34.16 CITY THOUSAND OAKS 03 01 VECTOR CONTROL 32.22 COUNTY OF VENTURA 08 22 WATER 21.36 METRO DISTRICT - STANDBY 1,242.84 TOTAL OF SPECIAL ASSESSMENTS ADDITIONAL PROPERTY INFORMATION COUNTY USE CODE: 1511 LOT SQ FEET: 97,138 YR-BLT: 1968 STANDARD LAND USE: HOTEL .00 .00 CUSTOMER SERVICE REQUEST ONLY PAYMENTS AS OF 07/25/2019 SEARCH PARAMETERS ENTERED APN: 525-0-020-255 APN: 525-0-020-255 STATEMENT: 2500330 TRA: 08187 - THOUSAND OAKS ACQ DATE: 07/31/2012 DOC#: 2012-133757 SITUS: 75 W THOUSAND OAKS BLVD THOUSAND OAKS CA 91360-4416 MAIL: 75 W THOUSAND OAKS BL THOUSAND OAKS CA 91360 ASSESSED OWNER(S) 2018-19 ASSESSED VALUES WESTCHASE MINI SUITES LLC LAND 1,719,099 IMPROVEMENTS 2,105,025 TRADE FIXTURE 167,700 TAXABLE 3,991,824 2018-19 TAXES 1ST INST 2ND INST TOTAL TAX STATUS PAID PAID PAYMENT DATE 12/10/2018 04/01/2019 DELINQUENT DATE 12/10/2018 04/10/2019 INSTALLMENT 24,301.03 24,301.03 48,602.06 PENALTY 2,430.10 2,460.10 4,890.20 BALANCE DUE ASSESSMENT DETAIL ACCT # TYPE AMOUNT DESCRIPTION OF ASSESSMENT(S) 14 06 SPEC TAX 519.20 FLOOD ZN 3 BENEFIT ASSMT 17 36 MAINT DISTRICT 334.34 CONEJO REC DIST #62 08 24 WATER 111.50 CALLEGUAS STANDBY 14 50 SPEC TAX 102.76 VCFCD NPDE ASMT TH. OAKS ZN3 1434 SPEC TAX 87.30 VCFCD NPDE ASMT. TH. OAKS-3 01 22 LIGHTING 34.16 CITY THOUSAND OAKS 03 01 VECTOR CONTROL 32.22 COUNTY OF VENTURA 08 22 WATER 21.36 METRO DISTRICT - STANDBY 1,242.84 TOTAL OF SPECIAL ASSESSMENTS ADDITIONAL PROPERTY INFORMATION COUNTY USE CODE: 1511 LOT SQ FEET: 97,138 YR-BLT: 1968 STANDARD LAND USE: HOTEL END OF SEARCH .00 SD

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