You have a home with a market value of $144,700, which has an assessment value of 72% of that amount. your city has a property tax rate of 0.039. you know that 65% of your property tax dollars go to public schools. to the nearest dollar, how much of your taxes went to funding schools? a. $4,063 b. $3,668 c. $2,641 d. $6,772

Respuesta :

Based on the assessment value of the property, and the tax rate, the amount of your taxes that goes to funding schools is c. $2,641.

How much goes to finding schools?

First find the assessment value:

= 144,700 x 72%

= $104,184

The property tax is:

= 104,184 x 0.039

= $4,063.18

The amount that goes to public schools is:

= 4,063.18 x 65%

= $2,641.06

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