If the tax rate on homes in Topeka, Kansas is 1.8 percent of their value and Bonnie owns a $100,000 house, how much will the rea

Question

3 years ago

6

l estate taxes add to her monthly mortgage payment?
the real estate taxes add to her monthly mortgage payment?

1 answer:

DochEvi [55] · Answer 1 · 2022-07-10T20:28:59+03:00

Answer:

$150

Step-by-step explanation:

Annual Real Estate Tax Rate =1.8%

Value of Bonnie's House = $100,000

Annual Tax= 1.8 % × $100,000 =0.018 × $100,000 = $1,800

Therefore, tax payment on a monthly basis

= $1,800÷12 Months

= $150 per month.

Real estate tax will add $150 per month to Bonnie's mortgage payment.