Property Taxation(Arithmetic of Taxes)

Duration: 11

Format: 16mm

Color: B&W

Description: Portrays the social usefulness of property taxation, types of government expenditures supported by property levies, public financing through bond issues, and procedures of levying taxes on property. A series of animated scenes shows the calculation of interest on bonds, the setting of annual interest payments and repayments on the principal of bonded debt, the fixing of an assessed valuation on property, the calculation of a tax rate, the conversion of a percentage tax rate into equivalent monetary units, and the calculation of a property owner's tax bill.