the market value of Christine and genes home is 275,000 the assessed value is 230,000 the annual property tax rate is 17.50 per $1,000 Us in value what is the property tax on their home
To find the property tax we have to look at the assessed value of the property. In our problem, that is 230,000. Now, you just have to multiply that by the rate of 17.50 per 1000, or you have use the percent 1.75%.
