The calculation of property tax is based on the

a. homeowner's income.
b. sale price of the home.
c. amount of money borrowed for the mortgage.
d. assessed value of the home.

The answer is D. the assessed value of the home. In each jurisdiction that a home is at, there is a tax surveyor. This tax surveyor is in charge of finding the assessed values of all the homes in the area. Once this value is found, it is multiplied by another tax number called a mill levy. The resulting figure is the property taxed that is due on the home.

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