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melisa1 [442]
3 years ago
7

All property tax in Wyoming is based on the assessed value of the property being taxed. For county revenue, the tax rate cannot

exceed 1.2% of the assessed value. Suppose that the assessed value of a hotel is $84,000 and the tax rate is 1.2%. What is the property tax?
Mathematics
1 answer:
omeli [17]3 years ago
4 0

Answer:

The property tax is <u>$1008</u>.

Step-by-step explanation:

Given:

All property tax in Wyoming is based on the assessed value of the property being taxed.

The assessed value of a hotel is $84,000.

Tax rate is 1.2%.

Now, to find the property tax.

Property tax = Tax rate of the property assessed value.

Property\ tax =1.2\%\ of\ \$84,000.

Property\ tax=\frac{1.2}{100}\times 84000.

Property\ tax=\frac{100800}{100}

Property\ tax=\$1008.

Therefore, the property tax is $1008.

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