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You own a house and land with an assessed value of $55,580. Every year, you pay a total of $2,834.58 in property taxes. What is your local property tax rate? a. 0.051 b. 0.058 c. 0.019 d. 0.066

Respuesta :

BeaVechiato
tax rate = property taxes / assessed value 
= 2,834.58 / 55,580
= 0.051

the answer is A.

The local property tax rate is 0.051.

Given that,

  • You own a house and land with an assessed value of $55,580.
  • Every year, you pay a total of $2,834.58 in property taxes.

Based on the above information, the calculation is as follows:

[tex]= \$2,834.58 \div \$55,580[/tex]

=0.051

Therefore we can conclude that The local property tax rate is 0.051.

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