Question

You have a home with a market value of $144,700, which has an assessment value of 72% of that amount. your city has a property tax rate of 0.039. you know that 65% of your property tax dollars go to public schools. to the nearest dollar, how much of your taxes went to funding schools?a.$4,063b.$3,668c.$2,641d.$6,772

Answer 1

If you have a home with a market value of $144,700,The amount of taxes that went to funding schools is:c.$2,641.

Tax amount

First step

Assessment value= $144,700 × 0.72

Assessment value= $104,184

Second step

Tax on property=$104,184 × 0.039

Tax on property = $4,063.176

Third step

Funding school taxes=$4,063.176 × 0.65

Funding school taxes= $2,641

Therefore the amount of taxes that went to funding schools is:c.$2,641.

Learn more about taxes here:brainly.com/question/13941741

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