Ashley owns a house with a market value of $135,000 and an assessed value of $110,000. If Cobb County's tax rate is $21.40 per $

Question

3 years ago

11

1,000 of assessed value, what is her annual tax bill?

1 answer:

labwork [276] · Answer 1 · 2022-03-02T14:13:12+03:00

Answer:

Annual tax bill of Ashley = $2,354

Step-by-step explanation:

Given:

Market value of house = $135,000

Assessed value of house = $110,000

County's tax rate = $21.40 per $1,000

Find:

Annual tax bill of Ashley

Computation:

Annual tax bill of Ashley = [Assessed value of house / 1,000 ]21.40

Annual tax bill of Ashley = [110,000 / 1,000 ]21.40

Annual tax bill of Ashley = [110]21.40

Annual tax bill of Ashley = $2,354