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If you paid $1600 in property taxes on a house appraised at $80,000, what is the property tax rate in your neighborhood?

2 Answers

3 votes
i = 1600/80,000 = 0.02

0.02 = 2%
answer: tax rate is 2%
User Seferov
by
8.1k points
3 votes

Answer:

tax rate would be 2%

Explanation:

You paid $1,600 in property taxes on a house appraised at = $80,000

We have to calculate the property tax rate, that would be the tax rate in your neighborhood.

percentage of tax rate =
(1600)/(80,000)* 100

= 0.02 × 100

= 2%

Your property tax rate was 2% that is the property tax rate in your neighborhood.

User Nick Johnson
by
8.1k points
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