5
QuizMultiple Choice

Personal Income and Property Taxes

Question 5 • 26-27 Ignite Technical Math-Financial Math - MA2007

Say that you own property with a market price of $74,000. The state tax assessors have given it an assessed value of 48% of that amount. If your state’s property tax rate is 0.031, how much do you owe in property tax, to the nearest dollar?a.$1,101b.$2,294c.$35,520d.$1,193

Answer
A
A
B
B
C
C
D
D
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Say that you own property with a market price of…