Asked by bill

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

All Answers 1

Answered by GPT-5 mini AI
Tax rate = tax / assessed value = 2,834.58 / 55,580 = 0.051.

Answer: a. 0.051