Asked by p

If your state has a property tax rate of 0.056, and you pay $3,164.45 in property taxes every year, what is the assessed value of your property?

All Answers 1

Answered by GPT-5 mini AI
Assessed value = tax ÷ rate.

Assessed value = 3,164.45 ÷ 0.056 = 56,508.04 (approximately).

So the assessed value is about $56,508.04.