Asked by Henry

A couple was assessed property taxes of $1938.90 on a home valued at $168,600. What might Frank expect to pay in property taxes on a home he hope to purchase in the same neighborhood if it has a value of $118,300? round to the nearest dollar.
Answered by Ms. Sue
1938.9 / 168,600 = 0.0115 = 1.15%

0.0115 * 118,300 = $1360.45 = $1360.

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