Question

2.      Calculate the property taxes on a property assessed at $224,630 if the tax rate is $16.593 per $1000.

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Answer 1

Given:

$224630 is the amount on which property tax is to be asssed .

Tax rate per $1000 = $16.593.

Total tax assess on property

= 224630/1000 × 16.539

= 224.63 × 16.539

= 3727.28559

so total tax assessed on property = $3727.28....