Author Question: Darrick Johnson wants to buy a home. He has narrowed the choice down to a 245,000 home in Sweet Oak ... (Read 63 times)

Mr. Wonderful · **on:** Jun 24, 2018

Darrick Johnson wants to buy a home. He has narrowed the choice down to a 245,000 home in Sweet Oak and a 282,000 home in Cherry Hill. With regard to property taxes, Sweet Oak has an assessment rate of 90 and a tax rate of 1.45 per 100 of assessed value, while Cherry Hill has a 70 assessment rate and a tax rate of 19.4 mills. Which house has the higher property tax, and by how much? (Round to the nearest cent)

Question 2

The markup on a dining room table is 30 of the sale price. If the table sells for 1348, what was the cost?