Lackland County levied property taxes of 3000000 for the 201

Lackland County levied property taxes of $3,000,000 for the 2017 fiscal year. It collected $2,500,000 during FY 17 and expects to $250,000 within 60 days after year end and $150,000 thereafter. The remaining amount is not expected to be collected. How much should Lackland County report as property tax revenue for 2017?

Solution

Amount to be reported as property tax revenue for 2017 = $3000000