Solve the problem.
-A taxpayer's property has a market value of $117,000. The rate of assessment in the area is 30%. The tax rate is $7.55 per $100 of assessed valuation. Find the property tax.

Question

Quizplus · Accepted Answer

First, find the assessed value: $117,000 * 30% = $35,100. Then, calculate the property tax: ($35,100 / $100) * $7.55 = $2,650.05.

Solve the Problem. -A Taxpayer's Property Has a Market Value of $117,000. the of $117,000