The market value of Kara's home is $320,000. The assessment rate is 51.5%. The local property tax rate is $50.00 per $1,000 of assessed value. What is Kara's property tax?
$8,000, $8,240 , $7,646 , $8,864

Respuesta :

The property tax of Kara's home will be $ 8,240. Then the correct option is B.

What is a tax?

A government-mandated input to tax collections placed on employees' wages and corporate earnings, or factored into the price of certain products, activities, and activities.

The market value of Kara's home is $320,000. The assessment rate is 51.5%. The local property tax rate is $50.00 per $1,000 of assessed value.

Then the property tax of Kara's home will be

→ $ 320,000 x 0.515 x (50 / 1000)

→ $ 8,240

More about the tax link is given below.

https://brainly.com/question/25783927

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