Respuesta :
Answer:
Annual tax = $ 1162
Step-by-step explanation:
Property value = $35000
To calculate annual tax:
Assessed value = $35000 * 0.40
= $ 14000
annual tax on assessed value:
Annual tax = $14000 *0.083
= $1162
The total value of Inga's annual tax is $1,162.
Given to us,
Inga Ingerton's property value = $35,000,
Assessed rate = 40% = 0.40,
mill levy rate = 83,
The assessed value of Inga Ingerton's property
= Inga Ingerton's property value x Assessed rate
= $35,000 x 0.40
= $14,000
Also, we know mill levy is the tax rate that is applied to the assessed value.
mill levy rate = 83 = 0.083
Inga's annual tax on property = $14,000 x 0.083
= $1,162
Hence, the total value of Inga's annual tax is $1,162.
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