## Related questions with answers

Question

The assessed value of the Kreiner family's house is $457,000. The annual property tax rate is 2.66% of assessed value. What is the annual property tax on the Kreiner's home?

Solution

VerifiedStep 1

1 of 2Determine the annual property tax rate of the family's home.

$\begin{gather*} 457,000 \times 0.0266 = \$12,156.20 \end{gather*}$

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