As per the rate of the tax, the valuation of $200,000 will become $193,000.
Given Data:
Valuation Price = $200,000
To Find:
After-Tax exemption Valuation= ?
Let us consider the general interest rate of the property. It would be about 3.5% which is 0.035.
According to the normal tax of about 3.5% will become $7000 which will be exempted from the total evaluation therefore it will become $193,000.
Solution:
<em>Tax Value in $ =$200,000 x 3.5% = $7000</em>
<em>here we have the $7000 which is the amount of tax paid by the homeowner.</em>
Putting the value of the tax;
<em>Tax after exemption of tax value = $200,000-$7000 </em>
<em>= $193,000</em>
So, the $193,000 is the price after the deduction of tax by the homeowner.
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