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Your house is valued at $125,000. Assume the tax rate is 11.9 cents for every $100 of assessed value. How much will you be charged in real estate tax?
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Your house is valued at $125,000. Assume the tax rate is 11.9 cents for every $100 of assessed value. How much will you be charged in real estate tax?

User Naga Budigam
by
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1 Answer

4 votes

Answer: The correct answer is $148.75 in real estate tax

Step-by-step explanation:

The formula for tax computation:

(House Value/increment)*tax rate

(125000/100)*0.119

1250 * 0.119 = 148.75

User Speksy
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