Grant & Mahoney Partners, LLLP, a Virginia limited liability…
Grant & Mahoney Partners, LLLP, a Virginia limited liability limited partnership, owns Tolliver Luxury Apartments in Clearwater. There are 250 one-bedroom, 300 two-bedroom, and 100 townhouse units at the Apartments, as well as such as a pool, yoga studio, workout room, clubhouse, restaurant, small market, and reserved covered parking. In 2020 the Pinellas County Property Appraiser valued the Apartments for property tax purposes at $27,550,000. Grant & Mahoney’s CPA is preparing an estimate of its 2020 property tax amount due, and is waiting for the annual property appraisal and millage rate. The CPA needs that appraisal amount because the millage rate will be applied to each $ _______ of the Apartment’s appraised value. (Select one answer only.)
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