Homework Help: Business Finance

Posted by Renee on Monday, January 30, 2012 at 4:35pm.

Pete's Warehouse has a market value of $5,000,000. The property in Pete's area is assessed at 40% of the market value. The tax rate of $105.10 per $1000 of assessed value. What is Pete's property tax?

Business Finance - Ms. Sue, Monday, January 30, 2012 at 4:40pm
(0.4 * 5,000,000)/1000 = ?

Multiply your above answer by 105.1
Business Finance - shawn, Monday, March 12, 2012 at 6:29pm
2,102,000
Business Finance - maria, Monday, August 13, 2012 at 2:02pm
210,200.00

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