A county assesses annual property taxes at a rate of 4% of the appraised value of the property. A property is appraised for $210,000. What are the property taxes? If the annual taxes are paid in monthly installments, what amount must be paid each month?

The annual property taxes are $(?)
$(?) must be paid each month

Question

A county assesses annual property taxes at a rate of 4% of the appraised value of the property. A property is appraised for $210,000. What are the property taxes? If the annual taxes are paid in monthly installments, what amount must be paid each month?

The annual property taxes are $(?)
$(?) must be paid each month

anonymous · Answer

whats the options?

anonymous · Answer

im thinking of either dividing 0.04 to 210,000 or multiplying .04 to 210,000

anonymous · Answer

not sure

anonymous · Answer

You're going to multiply the two together. Since the taxes are 4% of the value, multiply the value by .04

anonymous · Answer

okay but what would it be for each month?

anonymous · Answer

I got $8,400 by multiplying which are the annual property taxes

ivettef365 · Answer

just divide by 12 (there are 12 months in a year)

anonymous · Answer

thanks!

anonymous · Answer

am I right about the annual property taxes being $8,400?

ivettef365 · Answer

yw :)

anonymous · Answer

:D