Question

Anna has a house with a market value of $120,000 if the assessment rate is 40% and the tax rate per $100 is $2.35 how much will she oh annually in real estate tax to the nearest cent

Answer 1

the house is $120,000
the assessment rate is 40% of $120,000 making it $48,000
and for every $100 there is a tax of 2.35 making the tax equal $2,820

add that all up and the total is $170,820

Answer 2

2.35/100=x/120000
Solve for x
X=2820
So real estate tax is
2,820×0.40=1,128