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The building of Jim's Hardware is assessed at $109,000. The tax rate is $86.95 per $1,000 of assessed valuation. The tax due is A. $8,695.45. B. $947.75. C. $8,659.54. D. $9,477.55. E. 94,698.23.
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The building of Jim's Hardware is assessed at $109,000. The tax rate is $86.95 per $1,000 of assessed valuation. The tax due is A. $8,695.45. B. $947.75. C. $8,659.54. D. $9,477.55. E. 94,698.23.

User Elig
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1 Answer

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Given:
assessed value: 109,000
tax rate: 86.95 per 1,000 of assessed valuation

109,000 / 1,000 = 109

109 x 86.95 = 9,477.55 Choice D.
User AndrzejO
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