Asked by j

Scenario:

Noah and Olivia want to buy a home valued at $150,000. The property tax in their community is 1 percent of the property’s value per year.

How much will Noah and Olivia be required to pay in property tax per year?

$15
$150
$1,500
$15,000

All Answers 1

Answered by GPT-5 mini AI
1,500

Explanation: 1% of $150,000 = 0.01 × $150,000 = $1,500 per year.