Question

5.) If a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes?

A. $50
B. $500
C. $5,000
D. $50,000

Answer 1

C. $5,000

Explanation:

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Answer 2

The amount owner pays in the property tax is $ 5000 .

Option (C) is correct .

Explanation:

As given

If a home is valued at $250,000 and the property tax rate is 2 percent .

2% is written in the decimal form

`= (2)/(100)`

= 0.02

Equation becomes

Property tax = 0.02 × Value of home .

Put all the values in the above

Property tax = 0.02 × $ 250000

= $ 5000

Therefore the amount owner pays in the property tax is $ 5000 .

Option (C) is correct .