# economics

posted by .

Ali pays Rs. 855 property tax.What is the assesed value of his home, if the tax rate in his locality is 2.5% ?

• economics -

0.025A = 855,
A = \$34,200 = Assesed value.

## Similar Questions

1. ### Accounting

pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax bill and have accrued 2000 of property tax each month to marcher 31. its actual property tax assessment, …
2. ### government(taxes)

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security …
3. ### math

Bill Shass pays a property tax of \$3,200. In his community, the tax rate is 51 mills. What is Billâ€™s assessed value?
4. ### Math

What is the FCIA tax (assuming a 7.05% rate) on a weekly paycheck of \$398.00?
5. ### math

Find the tax on a dinette with a cash price of \$200 that has been reduced by 20% if the tax rate is 6.5% The taxable value of the property in the tax area is usually referred to as the ?
6. ### Economics

Property taxes, which are calculated as a percentage of the value of a home, are an example of a. the benefits- received principle b. a regressive tax c. the ability to pay principle d. a proportional tax
7. ### finance

Knight has a property tax base with an appraised value consisting of \$142,000,000 of taxable real property and \$78,000,000 of taxable personal property. The assessment ratio is 50%. Exemptions for the elderly reduce assessed value …
8. ### Real Estate Finance

A home is valued at \$175,000. Property in the area is assessed at 35% of its value, and the local tax rate is \$3.85 per \$100. What is the amount of annual tax paid on the home?
9. ### Math

1. An assessment rate is 47%. The property tax is \$39.94 per \$1,000. What is the effective tax rate?
10. ### Economics

Which of the following is usually the most regressive tax?

More Similar Questions