Suppose you own a home worth $215,000 and property taxes come due at the end of the year. if your property tax rate is 1.0% how much should you set aside each month to be prepared to pay this bill at the end of the year?

A) $21,500

B) $180

C) $2,150

D) $1,792

Question

16 September, 11:45

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Answers (1)

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Clinton Lam · Answer 1

The answer is C, because 1% of 215,000 is 2,150.

Suppose you own a home worth $215,000 and property taxes come due at the end of the year. if your property tax rate is 1.0% how much should you set aside each month to be prepared to pay this bill at the end of the year?A) $21,500B) $180C) $2,150D) $1,792