Question

A home is in three taxing districts.

The school district taxes are 3.1%,
the city taxes are 2.5%, and the
county at 1.8%. Suppose the
assessed value of the home is
$95,400. What are the total taxes
due?

Answer 1

The total taxes due for the home are $7,060.60.

Step-by-step explanation:

To find the total taxes due, we need to calculate the amount of tax for each taxing district and then add them together.

First, calculate the school district tax by multiplying the assessed value of the home by the tax rate: $95,400 * 0.031 = $2,958.40.

Next, calculate the city tax: $95,400 * 0.025 = $2,385.00.

Finally, calculate the county tax: $95,400 * 0.018 = $1,717.20.

Now, add up the three taxes to find the total taxes due: $2,958.40 + $2,385.00 + $1,717.20 = $7,060.60.

Answer 2

Step-by-step explanation:

The taxes are calculated as follows:

School District Tax:

3.1% of $95,400

= 0.031 * $95400

= $2957.4

City Tax:

2.5% of $95,400

= 0.025 * $95400

= $2385

County:

1.8% of $95,400

= 0.018