Question

residents in r county can use the expression (v × 0.5501 - 4800) ÷ (1000 × 34.67) what is the property tax on a $190000. home?

Answer 1

Given:

Property-tax in thousands of dollars

tax(v)=(v × 0.5501 - 4800) ÷ (1000 × 34.67)

where v=valuation of the property

for v=190000,

tax(190000)=(190000*0.5501-4800)/(1000*34.67) = 2.876 (in 1000$)

So property tax = $2876