Answer:
$5,000
Step-by-step explanation:
NOT 100% SURE BUT I THINK ITS LIKE THIS
2% = 0.02 tax in a decimal form
$250,000 price of home
0.02 x 250,000= 5,000
The amount that the owner pay in property taxes is: $5,000.
Using this formula
Property taxes amount=House value×Property tax rate
Where:
House value=$250,000
Property tax rate=2%
Let plug in the formula
Property taxes amount=$250,000×2%
Property taxes amount=$5,000
Inconclusion the amount that the owner pay in property taxes is $5,000.
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