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?\n$50\n$500\n$5,000\n$50,000
Answer
Explanation:
Step1: Convert percentage to decimal
2% = 0.02
Step2: Calculate property tax
Property - tax = Home - value×Tax - rate = 250000×0.02 250000×0.02 = 5000
Answer:
$5,000$