So, here is how we are going to find the effective tax rate of the given assessment rate above and the property tax rate.
Given that the assessment rate is 47% and the property tax rate is 39.94 per 1000, let us first simplify the property tax rate. So, 39.94/1000 and that would be 3.994%. Now, in order to get the effective tax rate, we'll just have to add both rates and the answer would be 50.994%. Hope this helps.
