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. $4,063 b. $3,668 c. $2,641 d. $6,772 please select the best answer from the choices provided a b c d

Answer 1

Your taxes went to funding schools will be $2641.The tax is divided into different parts based on the percentage.

What is tax?

A government-mandated contribution to state revenue is placed on employees' wages and corporate earnings or added to the cost of certain products, services, and transactions.

The given data in the problem is;

The market value of the home = is $144,700

They assessed a value of 72% of that amount.

The city has a property tax rate of 0.039.

The assessment value is found as;

$\ \ 144,700 \times 0.72 = \ \ 104,184$

The tax on the property will be;

$\ \ 104,184 \times 0.039 = \ \ 4,063.176$

The amount which goes to funding schools is;

$\ \ 4,063.176 \times 0.65= \ \ 2641.0644$

Hence your taxes went to funding schools will be $2641.

To learn more about the tax refer to the link;

brainly.com/question/16423331

Answer 2

Answer:

2641

Step-by-step explanation: