Question

What is the property tax of 1.6% on property assessed at $85,000?

Answer 1

85000 X 0.016 = $1360

Answer 2

Answer:

$1,360.

Step-by-step explanation:

We are asked to find the amount of property tax at a rate of 1.6% assessed at $85,000.

Let us find 1.6% of 85,000 to find the amount of property tax.

$\text{Amount of property tax}=\frac{1.6}{100}\times 85,000$

$\text{Amount of property tax}=0.016\times 85,000$

$\text{Amount of property tax}=1,360$

Therefore, the property tax will be $1,360 and 1st option is the correct choice.