Question

Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate? a. 0.077 b. 0.032 c. 0.014 d. 0.069

Answer 1

The answer would be D

Answer 2

Answer:

Therefore, The correct option is D. 0.069

Step-by-step explanation:

Amount of the money paid in the state property taxes every year = $2849.84

The property owned has an assessed value.

Now, the assessed value of the property is $41302

We need to find the state's property tax rate.

$\text{So, State's property tax rate = }\frac{\text{state's property tax}}{\text{assessed value}}\\\\\text{State's property tax rate = }\frac{2849.84}{41302}\approx 0.069$

Therefore, The correct option is D. 0.069