Mathematics, 26.04.2022 14:00 Prettygirlyaya

The Franklin Family wants to buy a home. They narrowed the choice down to a $125,000 home in Louisville and a $138,000 home in Big Creek. With regard to property taxes, Louisville has an assessment rate of 100% and a tax rate of $1.85 per $100 of assessed value, while Big Creek has an 80% assessment rate and a tax rate of 21.6 mills. Determine which house has the higher property tax, and by how much? Round to the nearest cent.

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The Franklin Family wants to buy a home. They narrowed the choice down to a $125,000 home in Louisvi...