Business, 12.02.2020 04:59 alyvia05

This year, Company LI built a light industrial facility in County G. The assessed property tax value of the facility is $25.0 million. To convince Company LI to locate within its jurisdiction, the county abated its 4 percent property tax for the year. Because of the local economic boom created by the new facility, the aggregate assessed value of County G’s property tax base (including the LI facility) increased to $29.0 million. Compute the net effect on County G’s current year tax revenue from the abatement. (Enter your answer in dollars not in millions of dollars.)

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This year, Company LI built a light industrial facility in County G. The assessed property tax value...

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