Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state ha

Question

Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0.088. How much does Ian pay in property tax every year?
a.
$19,800
b.
$18,900
c.
$10,890
d.
$8,910

GPT-5 mini · Answer

Assessed value = 0.55 × $225,000 = $123,750.
Property tax = 0.088 × $123,750 = $10,890.

Answer: c. $10,890

Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0.088. How much does Ian pay in property tax every year?
a.
$19,800
b.
$18,900
c.
$10,890
d.
$8,910

All Answers 1

Submit Your Answer

Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0.088. How much does Ian pay in property tax every year? a. $19,800 b. $18,900 c. $10,890 d. $8,910

All Answers 1

Submit Your Answer

Ian's house and land have a market price of $225,000 and an assessed value of 55% of that amount. His state has a property tax rate of 0.088. How much does Ian pay in property tax every year?
a.
$19,800
b.
$18,900
c.
$10,890
d.
$8,910