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The assessed value of a home in Kent County is $214,000. The assessment ratio in Kent is 60%. What's the taxable amount?

User Jacklynn
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1 Answer

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Final answer:

The taxable amount of the home in Kent County is $128,400.

Step-by-step explanation:

To calculate the taxable amount, you need to multiply the assessed value of the home by the assessment ratio. In this case, the assessed value is $214,000 and the assessment ratio is 60%. So, the taxable amount can be calculated as:

Taxable Amount = Assessed Value x Assessment Ratio

Taxable Amount = $214,000 x 0.60

Taxable Amount = $128,400

Therefore, the taxable amount of the home in Kent County is $128,400.

User Simon Hutton
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