Jean-Luc Partners, LLLP, a Vermont limited liability limited…
Jean-Luc Partners, LLLP, a Vermont limited liability limited partnership, owns Jayson Luxury Apartments in Lake Worth. There are 150 one-bedroom, 250 two-bedroom, and 75 townhouse units at the Jayson Luxury Apartments, as well as such as a pool, yoga studio, workout room, clubhouse, restaurant, small market, and reserved covered parking. In 2021 the Palm Beach County Property Appraiser valued the Apartments for property tax purposes at $30,000,000. Jean-Luc Partners, LLLP’s CPA is preparing an estimate of its 2021 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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