Property taxes are placed on the tax roll based on a property's assessed value. If a tax district has a tax rate of 0.35%, then what is the tax owed on a house with an assessed value of $230,000?
To calculate the tax owed on a house with an assessed value of $230,000 at a tax rate of 0.35%, you would first multiply the assessed value by the tax rate:
$230,000 x 0.0035 = $805
Therefore, the tax owed on a house with an assessed value of $230,000 at a tax rate of 0.35% is $805.