Solve the Problem. -A Taxpayer's Property Has a Market Value of $117,000. the of $117,000

question 114

Multiple Choice

Solve the problem.
-A taxpayer's property has a market value of $117,000. The rate of assessment in the area is 30%. The tax rate is $7.55 per $100 of assessed valuation. Find the property tax.

• A)$265,005.00
• B)$883,350.00
• C)$8,833.50
• D)$2,650.05

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