Property taxes are placed on the tax roll based on a property's assessed value. If a tax district has a tax rate of 0.45%, then what is the tax owed on a house with an assessed value of $145,000?
To calculate the property tax owed on a house with an assessed value of $145,000 and a tax rate of 0.45%, you would multiply the assessed value by the tax rate.
Tax owed = Assessed value x Tax rate
Tax owed = $145,000 x 0.0045
Tax owed = $652.50
Therefore, the tax owed on a house with an assessed value of $145,000 at a tax rate of 0.45% would be $652.50.