ShySzoiizis
Answered

If your state has a property tax rate of 0.056, and you pay $3,164.45 in property taxes every year, what is the assessed value of your property?

A$177,209
B$21,265
C$56,508
D$48,684

Verified Answer :

Hagrid

If your state has a property tax rate of 0.056, and you pay $3,164.45 in property taxes every year,
=>$56,508 * 0.056 =  $3,164.45
Therefore the value of his property is 56 508 dollars.

The assessed value of your property is $56,508.

Given that, the rate of property tax=0.056 and tax money=$3,164.45.

What is a tax?

Money that the government collects is based on income, sales, and other activities.

Let the assessed value of your property is x.

Now, 0.056×x=3,164.45

⇒x=3,164.45/0.056

⇒x=56,508.035≈56,508

Therefore, the assessed value of your property is $56,508.

To learn more bout the tax visit:

https://brainly.com/question/12611692.

#SPJ5

Related Questions