Question

The assessed value of the kreiner family house is 457,000 the annular property tax rate is 2.66% of assed value what is the annular property tax on the kreiners home

Answer 1

To calculate the annual property tax on the Kreiner family house, we can use the formula:

annual property tax = assessed value x annual tax rate

where the annual tax rate is given as a percentage. We first need to convert the tax rate from a percentage to a decimal:

2.66% = 0.0266

Then, we can plug in the given values and calculate:

annual property tax = 457,000 x 0.0266

annual property tax = 12,157.80

Therefore, the annual property tax on the Kreiner family house is $12,157.80.

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