Posted by **Anonymous** on Wednesday, October 3, 2012 at 6:28pm.

A residential property is assessed for tax purposes at 40% of its market value. The residential property tax is 3 1/3% of the assessed value and the tax is $1200.

a)What is the assessed value of the property?

b) What is the market value of the property?

## Answer This Question

## Related Questions

- Math - A residential property is assessed for tax purposes at 40% of its market ...
- Business Finance - Pete's Warehouse has a market value of $5,000,000. The ...
- business math - Pete’s Warehouse has a market value of $5,000,000. The property ...
- business math - Pete's warehouse has a market value of $5,000,000, the property ...
- math - In Chicago, the tax on a property assessed at $550,000 is $7,700. If tax...
- finance - Knight has a property tax base with an appraised value consisting of $...
- Math - Ms Perez owns 2 properties in different towns. The 1st property is ...
- statistics - A building has a market value of $229,000.00. If it is assessed at ...
- Economics - The assessed value of Patty's residential property was $200,000 in ...
- math - Find the tax on a dinette with a cash price of $200 that has been reduced...

More Related Questions