assume that you pay $2,849.84 in state property taxes every year. if your property has an assessed value of…

assume that you pay $2,849.84 in state property taxes every year. if your property has an assessed value of $41,302, what is your states property tax rate?\na. 0.077\nb. 0.032\nc. 0.014\nd. 0.069\nplease select the best answer from the choices provided

assume that you pay $2,849.84 in state property taxes every year. if your property has an assessed value of $41,302, what is your states property tax rate?\na. 0.077\nb. 0.032\nc. 0.014\nd. 0.069\nplease select the best answer from the choices provided

Answer

Answer:

D. 0.069

Explanation:

Step1: Recall tax - rate formula

Tax rate = $\frac{\text{Tax amount}}{\text{Assessed value}}$

Step2: Substitute given values

Tax rate=$\frac{2849.84}{41302}$

Step3: Calculate the result

Tax rate = 0.069