Question

What is the property tax of 1.6% on property assessed at $85,000?

1,360
5,312
13,600
53,125

Answer 1

85000 X 0.016 = $1360

Answer 2

$1,360.

Explanation:

We are asked to find the amount of property tax at a rate of 1.6% assessed at $85,000.

Let us find 1.6% of 85,000 to find the amount of property tax.

`\text{Amount of property tax}=(1.6)/(100)* 85,000`

`\text{Amount of property tax}=0.016* 85,000`

`\text{Amount of property tax}=1,360`

Therefore, the property tax will be $1,360 and 1st option is the correct choice.