Question

Susan's property is assessed at $97,500. The property tax rate in her city is 3.05%.

Answer 1

In this item, I think we are asked to determine the amount that Susan should pay for the tax of her assets. To answer this item, we simply have to multiply the given property value with the decimal equivalent of the percentage given.
                               property tax = ($97,500) x (0.0305) 
                               property tax = $2973.75