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1. The assessed value of the Sanchez house is $485,000. The annual property tax is rate 2.975% of the assessed value. What is the annual property tax on the Sanchez house?
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1. The assessed value of the Sanchez house is $485,000. The

annual property tax is rate 2.975% of the assessed value.
What is the annual property tax on the Sanchez house?

User Tishma
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1 Answer

2 votes
The annual property tax on the Sanchez house is 14,428.75 $
Explication :

Multiply 485,000$ with the annual tax ( which is 2.975%) = 1,442,875 and then divide with 100 ( this is the percent from 2,975) and the result is 14,428.75$
User Vasa
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