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 is $105.10 per $1,000 of assessed value. what is Pete's property tax?

Answer 1

0.4 * 5,000,000 = 2,000,000

(2,000,000 / 1,000) * 105.1 = ?