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10. A $152,000 home has an assessment rate of 52% and a tax rateof $48 per $1,000. Use the effective tax method to calculate theproperty tax .Hint: When you determine the effective tax rate, round the rateto three places.

Respuesta :

Given

$152,000

52% assessment rate

$48 per $1,000

Procedure

First, let's calculate the assessment rate.

[tex]152000\cdot0.52=79040.0[/tex]

Now let's calculate the taxes

[tex]79040.0\cdot\frac{48}{1000}=3793.92[/tex]

Property taxes are equal to $3,793.92.

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