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22 January, 11:22

If your state has a property tax rate of 0.056, and you pay $3,164.45 in property taxes every year, what is the assessed value of your property?

a. $177,209

b. $21,265

c. $56,508

d. $48,684

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  1. 22 January, 11:41
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    If your state has a property tax rate of 0.056, and you pay $3,164.45 in property taxes every year,

    => $56,508 * 0.056 = $3,164.45

    Therefore the value of his property is 56 508 dollars.
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