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LenaWriter [7]
2 years ago
13

Assume that you pay $2,849. 84 in state property taxes every year. If your property has an assessed value of $41,302, what is yo

ur state’s property tax rate? a. 0. 077 b. 0. 032 c. 0. 014 d. 0. 69.
Business
1 answer:
Alex787 [66]2 years ago
4 0

The property tax rate for the assessed property of $41,302 is <em><u>0.069</u></em>.

The property tax is the value holding the property paid to the statement in the form of their charges or in the form of their state revenue.

Computation:

Given,

State property tax =$2849.84

The assessed value of property =$41,302

The tax rate is computed by dividing the tax amount by the actual value of the property.

\begin{aligned}\text{Tax Rate}&=\dfrac{\text{State Property Tax}}{\text{Assessed Value}}\\\ &=\dfrac{\$2,849.84}{\$41,302}\\\ &=0.069\end{aligned}

The tax rate upon which the property tax is paid is <em><u>0.069</u></em>, that is option d. is correct.

To know more about property tax, refer to the link:

brainly.com/question/855419

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A monopolist has market power because it faces a downward-sloping demand curve for its own output.

A monopolist has market power because he is a price maker and not a price taker.

  • A monopolist undergoes a downward-sloping demand curve for its own output.
  • When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities.
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