Final answer:
The total property tax due on an assessed valuation of $95,000 with a tax rate of 0.0945, is $8,977.50. This is calculated by converting the percent rate to a decimal and multiplying it by the valuation.
Step-by-step explanation:
Given a tax rate of $0.0945, or 9.45%, and an assessed valuation of $95,000, the total property tax due can be calculated by multiplying the tax rate by the assessed valuation.
First, convert the percent tax rate to a decimal:
9.45% = 0.0945
Next, multiply the decimal tax rate by the assessed valuation:
$95,000 × 0.0945 = $8,977.50
Therefore, the total property tax due is $8,977.50.