Question

Jim Tree's property is assessed at $105,700. The property tax rate in his city is 3.1%. How much is Jim's property tax?

Answer 1

To find the property tax we need to turn 3.1% into a decimal and multiply it by 105,700.
105,700 x .031= $3276.70 property tax.

Answer 2

105,700 x .031= $3276.70 property tax.