With a tax rate of .0200, a tax bill of $1050 corresponds to an assessed valuation of
0.02x = 1050
x = 52,500
To find the assessed valuation, we can use the formula:
Assessed Valuation = Tax Bill / Tax Rate
In this case, the tax rate is given as 0.0200 and the tax bill is $1050. Let's substitute these values into the formula to find the assessed valuation:
Assessed Valuation = $1050 / 0.0200
Dividing $1050 by 0.0200 gives us:
Assessed Valuation = $52,500
Therefore, a tax bill of $1050 corresponds to an assessed valuation of $52,500.