Author Question: The tax rate on the Callahan's house is 2.25 per 100. The market value of their home is 526,000 and ... (Read 235 times)

SO00 · **on:** Jun 24, 2018

The tax rate on the Callahan's house is 2.25 per 100. The market value of their home is 526,000 and the assessed value is 65. How much tax is due?
A) 11,835.75
B) 8,962.50
C) 7,762.50
D) 7,692.75

Question 2

Wen Hung is buying a building to open an alterations business. One building costs 205,000 with a property tax rate of 4.45 per 100 on 60 assessed value. A second building costs 195,000 with a property tax rate of 42 mills per dollar on 75 assessed value. What is the difference in the property tax amounts?
A) 669
B) 875
C) 932
D) 1,125