Pete's Warehouse has a market value of $5,000,000. The property in Pete's area is assessed at 40% of the market value. The tax rate of $105.10 per $1000 of assessed value. What is Pete's property tax?

Answer 1

(0.4 * 5,000,000)/1000 = ?

Multiply your above answer by 105.1

Answer 2

2,102,000

Answer 3

210,200.00