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a house located within the city limits has a current market value of 325 000 according to a recent appraisal the assessed

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A house located within the city limits has a current market value of $325,000 according to a recent appraisal. The assessed value from the last county wide tax valuation is $272,475. The tax rate is $0.36 per hundred for the county and $0.72 per hundred for the city. What is the total annual property tax liability on the property? $2340 $3510 $1962 $2943

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Answer to a math question A house located within the city limits has a current market value of $325,000 according to a recent appraisal. The assessed value from the last county wide tax valuation is $272,475. The tax rate is $0.36 per hundred for the county and $0.72 per hundred for the city. What is the total annual property tax liability on the property? $2340 $3510 $1962 $2943

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103 Answers

\frac{272475}{100}=2724.75

\left(2724.75\cdot0.36\right)+\left(2724.75\cdot0.72\right)=2942.73\approx2943 Answer: $2943

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