Question

Eduardo has purchased a home with an assessed value of $179,000. The property tax rate in his area is 2.3%. What is his monthly tax payment?

A. 341.98
B. 348.67
C.343.08
D. 345.76

Answer 1

Answer:343.98

Explanation:

Answer 2

C. 343.08

Explanation:

Convert the tax rate into a decimal and multiply by the house price:

.023(179,000) = 4,117

Divide by 12 (to get monthly rate):

4,117/12 ≈ 343.08

Option C should be the correct answer.