Business Finance

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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 -

    (0.4 * 5,000,000)/1000 = ?

    Multiply your above answer by 105.1

  • Business Finance -

    2,102,000

  • Business Finance -

    210,200.00

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