if a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in…
if a home is valued at $250,000 and the property tax rate is 2 percent, how much will the owners pay in property taxes? $50 $500 $5,000 $50,000
Answer
Explanation:
Step1: Convert percentage to decimal
2% = 0.02
Step2: Calculate property tax
$250000\times0.02 = 5000$
Answer:
$5000$, so the answer is C. $5,000$