[btanabe]

Can someone explain to me how Mr.Randall Zamorra (latest newsletter of WLCR) arrived to the conclusion that .25%(new tax rate) of the difference between a house valued at $225,000 minus $193,000(exemption) is $800.00 and that a $20,000 swimming pool added to the same property would increase the tax liability to $1,300 or an additional $500/year?
According to my calculations the tax liability should be $80.00 if the property is exempted of the first $193,000 (225,000 – 193,000 x .0025 = $80.00). Even if no exemption was taken into consideration the tax liability for a $225,000 residence at a .25% rate should be $562.50/year

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