If an owner's semiannual property taxes on a $90,000 home are $840 and the house is assessed at 80% of value, what is the tax rate per thousand dollars of evaluation?

Name: If an owner's semiannual property taxes on a $90,000 home are $840 and the house is assessed at 80% of value, what is the tax rate per thousand dollars of evaluation?
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Quizplus · Accepted Answer

Assessed value = 90,000 × .80 = 72,000;Annual taxes are 840 × 2 = 1,680;
so 1,680/72,000 = .0233 × 1,000 = 23.33 per 1,000.

If an Owner's Semiannual Property Taxes on a $90,000 Home