Question

Tim's house has a taxable value of $149,000. Tim's property tax rate is 0.28%. How much will Tim have to pay in property taxes?
$41.72
$417.20
$4,170.20
$41,720.00

Answer 1

Given,

Value of the house = $ 149000

Tax rate = 0.28%

To find,

The amount of tax.

Solution,

We can simply solve this mathematical problem by using the following mathematical process.

Here, we have to calculate the tax on the basis of the value of the house.

Property tax amount :

= Value of house × Rate/100

= 149000 × 0.28/100

= $ 417.20

(This is the value of total payable tax.)

Hence, the value of total tax is $ 417.20