Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate?
a.
0.077
b.
0.032
c.
0.014
d.
0.069

Question

Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate?
a.
0.077
b.
0.032
c.
0.014
d.
0.069

anonymous · Answer

2849.84= tax%*41302

jojo4eva · Answer

it would be 0.069

jojo4eva · Answer

multiply 41302 by 0.069 and u get 2849.838 which round up to $2849.84 any questions

mathmale · Answer

"tax rate" indicates how much tax per $1000 of value of the house.

JoJo found the decimal value of the fraction 2849.84 / 41302 and therefore has the correct decimal fraction indicating the tax rate.

jojo4eva · Answer

@mathmale i didnt think to juss divide the 2 lol

mathmale · Answer

Right.  Any "rate" consists of one quantity divided by another.  I'm more used to "tax rate" because a tax rate applies to my property and I have to pay taxes on it every year!!