6
QuizMultiple Choice

Personal Income and Property Taxes

Question 6 • 26-27 Ignite Technical Math-Financial Math - MA2007

Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0.088. How much does Ian pay in property tax every year? a. $19,800 b. $18,900 c. $10,890 d. $8,910 Please select the best answer from the choices provided

Answer
A
A
B
B
C
C
D
D
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Ian's house and land have a market price of…