Question
Property taxes are placed on the tax roll based on a property's assessed value. If a tax district has a tax rate of 0.4%, then what is the tax owed on a house with an assessed value of $235,000?
A. $940
B. $94,000
C. $9,400
D. $94
A. $940
B. $94,000
C. $9,400
D. $94
Answers
oobleck
since 0.4% is 0.004,
that would, of course, be
0.004 * 235000 = _______
just as a sanity check, note that 0.4% is about $1 per $2000 of value
that would, of course, be
0.004 * 235000 = _______
just as a sanity check, note that 0.4% is about $1 per $2000 of value