Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is you

Question

wel

2 years ago

11

Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is you

r state’s property tax rate? a. 0.077 b. 0.032 c. 0.014 d. 0.069

Mathematics

2 answers:

Olenka [21] · Answer 1 · 2023-05-11T11:36:09+03:00

Olenka [21]2 years ago

4 0

The answer would be D

Katena32 [7] · Answer 2 · 2023-05-11T13:55:39+03:00

Answer:

Therefore, The correct option is D. 0.069

Step-by-step explanation:

Amount of the money paid in the state property taxes every year = $2849.84

The property owned has an assessed value.

Now, the assessed value of the property is $41302

We need to find the state's property tax rate.

$\text{So, State's property tax rate = }\frac{\text{state's property tax}}{\text{assessed value}}\\\\\text{State's property tax rate = }\frac{2849.84}{41302}\approx 0.069$

Therefore, The correct option is D. 0.069