If you owned a house, and the assessed value was $435,000.00, how much in property taxes would you have to pay per year if the rate was 0.79%? (be sure to use $ and a decimal. No need to use a comma)

a bit of help

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Answer 1

The Amount of property taxes you would have to pay per year if the rate was 0.79% is $3,436.50.

If you owned a house and the assessed value was $435,000.00, the amount of property taxes you would have to pay per year

if the rate was 0.79% can be calculated as follows:SolutionTo calculate the amount of property taxes, multiply the assessed value by the tax rate.

We can represent this mathematically as:P = R × Vwhere:P = Property taxesR = Tax rateV = Assessed Value

We are given that:R = 0.79%V = $435,000.00

We need to convert the tax rate to a decimal value before we can use it in our calculation. This can be done by dividing the percentage value by 100. Therefore:R = 0.79 ÷ 100= 0.0079

Using the formula above, we can now calculate the property taxes as:P = R × V= 0.0079 × $435,000.00= $3,436.50

Therefore, the amount of property taxes you would have to pay per year if the rate was 0.79% is $3,436.50.

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If you owned a house, and the assessed value was $435,000.00, how much in property taxes would you have to pay per year if the rate was 0.79%? (be sure to use $ and a decimal. No need to use a comma) a bit of help

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If you owned a house, and the assessed value was $435,000.00, how much in property taxes would you have to pay per year if the rate was 0.79%? (be sure to use $ and a decimal. No need to use a comma)

a bit of help