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Brenda Roth's home is located in Columbus, Ohio, where the rate of
assessment is 35 percent of market value. The tax rate is $59.56 per $1,000
of assessed value. Her home has a market value of $392,000.00. What is its
assessed value? What is the property tax?

Respuesta :

The assessed value and property tax of the home will be $137200 and $8171.63 respectively.

How to calculate the tax

From the question, the market value is given as $392,000. The assessed value will be:

= 35% × $392,000

= $137200

The property tax will be:

= 59.56 × (137200/1000)

= 59.56 × 137.20

= $8171.63

In conclusion, the property tax is $8171.63.

Learn more about tax on:

https://brainly.com/question/25783927

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