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?

6.9%

Step-by-step explanation:

Given : Assume that you pay $2,849.84 in state property taxes every year.

To Find: If your property has an assessed value of $41,302, what is your state’s property tax rate?

Solution :

let tax rate be x

Formula of assessed value :

Assessed value * Tax rate  = Property tax yearly

Since we are given property tax yearly = $2,849.84

Assessed value = $41,302

Putting values in formula

$41,302 * x =  $2,849.84

thus tax rate in percent  =0.069*100 = 6.9%

Hence state’s property tax rate is 6.9%

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step-by-step explanation:

relating to or denoting a system of numbers and arithmetic based on the number ten, tenth parts, and powers of ten.

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