Question

Darius Drake owns property in Illinois assessed at $180,000 and pays property tax at an annual rate of $1.88 per $100 of assessed value. He owns property in Wisconsin assessed at $180,000 and pays property tax at an annual rate of $22.70 per $1,000 of assessed value. What is Mr. Drake's total annual property tax bill for the properties in both states?
$6,960
$7,470
$7,850
$8,040
None of these choices are correct.

Answer 1

Answer:

$7,470

Step-by-step explanation:

$180,000 ÷ $100 = 1800

$1.88 × 1,800 = $3,384 (Illinois property tax bill)

$180,000 ÷ $1,000 = 180

$22.70 × 180 = $4,086 (Wisconsin property tax bill)

$3,384 + $4,086 = $7,470