# statistics

posted by .

A building has a market value of \$229,000.00. If it is assessed at 50% of market value and the tax rate is 40 mills, find the property tax. I got 4,580

• statistics -

I agree.

## Similar Questions

1. ### math

Bill Shass pays a property tax of \$3,200. In his community, the tax rate is 51 mills. What is Bill’s assessed value?

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?

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 is \$105.10 per \$1,000 of assessed value. what is Pete's property tax?

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 is \$105.10 per \$1,000 of assessed value. What is Pete’s property tax?
5. ### 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 …
6. ### Math

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?
7. ### Math - Need urgent help!

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?
8. ### Math

Ms Perez owns 2 properties in different towns. The 1st property is assessed at \$125,000 and has a tax rate of \$6.35 per 1000 dollars. The 2nd property has the same assessed value, but is taxed at the rate of \$0.00587 per dollar. Derive …
9. ### Math

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

John and Mary Billings own a condominium with an assessed value of \$110,000. If the tax rate is 25 mills per \$1.00 of assessed valuation, how much tax do they pay?

More Similar Questions