The market value of Christine and genes home is 275,000 the assessed value is 230,000 the annual property tax rate is 17.50 per $1,000 Us in value what is the property tax on their home

Question

Fernanda Nicholson

Mathematics

13 October, 12:57

The market value of Christine and genes home is 275,000 the assessed value is 230,000 the annual property tax rate is 17.50 per $1,000 Us in value what is the property tax on their home

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Aspen Landry · Answer 1

Answer: The property tax is $4,025

To find the property tax we have to look at the assessed value of the property. In our problem, that is 230,000. Now, you just have to multiply that by the rate of 17.50 per 1000, or you have use the percent 1.75%.

This will give you the total tax of 4025.