Shannon wants to calculate her property tax. The market value of the property is $85,000. The assessment rate is 41%. The property tax rate is $46.30 per $1000 of assessed value. Show all work.

Question

Mathematics

Nathalie Faulkner

12 November, 17:09

Shannon wants to calculate her property tax. The market value of the property is $85,000. The assessment rate is 41%. The property tax rate is $46.30 per $1000 of assessed value. Show all work.

+4

Answers (1)

Know the Answer?

Marlie Lutz · Answer 1

Given:

Market VAlue = 85,000

Assessed value = 41%

property tax rate is 46.30 per 1,000 of assessed value.

85,000 * 41% = 34,850

34,850 / 1000 = 34.85

34.85 * 46.30 = 1,614.56

The property tax to be paid is $1,614.56