Question

Annual value of property is $12300. Find the property tax payable for a period of 8 months at a rate of 16%?

Answer 1

Surely the question was not worded that way.
Do you mean assessed value of property?

(8/12)(12300)(.16) = 1312

By the way a 16% tax rate is much, much higher than any I have ever heard of. No one would buy property there.

Answer 2

Thanks but I don't need the corny comments. It's a math question.