Answer:
$1203.20
Step-by-step explanation:
Given : Anna has a house with a market value of $128,000
To Find: If the assessment rate is 40% of the tax rate per $100 is $2.35 how much will she owe annually in real estate tax,to the nearest cent?
Solution:
We are supposed to find the assessment rate is 40% of the tax rate per $100 is $2.35 how much will she owe annually in real estate tax,to the nearest cent.
A.T.Q
[tex]\frac{2.35}{100} =\frac{x}{128000}[/tex]
[tex]\frac{2.35}{100}\times 128000 =x[/tex]
[tex]3008 =x[/tex]
Now we are given that the assessment rate is 40% of the tax rate .
So. 40% of 3008 = [tex]\frac{4}{100} \times 3008=1203.20[/tex]
Hence she will owe $1203.20 annually in real estate tax,to the nearest cent.
