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2 years ago

Jevon Noda's home has a market value of $72,000, the rate of assessment is 30%, and the tax rate is 85.

Mathematics

1 answer:

astraxan [27]2 years ago

4 0

The required a) assessed value = $21600,
b) tax rate = 0.0855,
c) real estate tax = $1836.

<h3>What is cost price?</h3>

Cost price is that price for buyer which he pays to seller for an object or product.

a) assessed value = 72000 x 30/100
= $21600
b) tax rate = 85.5/1000
= 0.0855
c) real estate tax = 0.855 x 21600
= $ 1836

Thus, the required values of a) assessed value, b) tax rate as a decimal, and c) real estate tax is $21600, 0.085 and $1836 respectively.

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