To calculate the property tax rate, you need to divide the property taxes by the appraised value of the property and then multiply by 100 to express the result as a percentage.
In this case, the property tax rate can be calculated as follows:
Property tax rate = (Property taxes / Appraised value) * 100%
= ($1,650.00 / $112,000.00) * 100%
= 0.014732142857142857 * 100%
= 1.47%
So, the property tax rate in your neighborhood is 1.47%, rounded to the nearest hundredth of a percent.