math

A property is assessed at $58,000.

The school rate is $15.55 per 1000 dollars of assessed valuation.

What is the amount of the school tax on the property ?

wildlife

A. $901.90

If the the assessed valuation is $15.55 per 1000 dollars, divide 1000 into 58,000 and we have 58.

Now multiply 58 times $15.55 to get $901.90

 
Posted by David Saks - Broker on 11/30/2008 06:53 PM   Comments (0)   Real Estate Math in the ActiveRain Channel   real estate math  
Originally posted at: David Saks: Real Estate Math Class : Lesson 142
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David Saks - Broker

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