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Sagot :
To determine the amount of money the owner will have to pay in property taxes per year, we need to follow these steps:
1. Identify the property tax rate: The property tax rate is given as 0.6%.
2. Identify the market value of the property: The market value of the home in question is [tex]$210,000. 3. Convert the property tax rate to a decimal: - 0.6% as a decimal is \(0.6 \div 100 = 0.006\). 4. Calculate the annual property tax: - Multiply the market value by the decimal property tax rate. \[ \text{Property Tax} = \text{Market Value} \times \text{Property Tax Rate} \] \[ \text{Property Tax} = 210,000 \times 0.006 \] \[ \text{Property Tax} = 1,260 \] Therefore, the property tax the owner will have to pay per year is \$[/tex]1,260.
1. Identify the property tax rate: The property tax rate is given as 0.6%.
2. Identify the market value of the property: The market value of the home in question is [tex]$210,000. 3. Convert the property tax rate to a decimal: - 0.6% as a decimal is \(0.6 \div 100 = 0.006\). 4. Calculate the annual property tax: - Multiply the market value by the decimal property tax rate. \[ \text{Property Tax} = \text{Market Value} \times \text{Property Tax Rate} \] \[ \text{Property Tax} = 210,000 \times 0.006 \] \[ \text{Property Tax} = 1,260 \] Therefore, the property tax the owner will have to pay per year is \$[/tex]1,260.
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