If a home sold for $124,000 and was assessed at 80% of its value, how much would the property taxes be at a rate of $18.20 per thousand dollars of assessed value?

Name: If a home sold for $124,000 and was assessed at 80% of its value, how much would the property taxes be at a rate of $18.20 per thousand dollars of assessed value?
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Quizplus · Accepted Answer

Assessed value = 124,000 × .80 = 99,200;the rate is 18.20/1000 so 99,200 × 18.20/1000 = 1,805.44.

If a Home Sold for $124,000 and Was Assessed at 80