Test_Prep
ASVAB · Question #81
In Hendricks on Township, houses are assessed at 80% of the purchase price. If Mr. Thomas buys a house in Hendricks on for $120,000 and rea estate taxes are $4.75 per $100 of assessed valuation, how…
The correct answer is C. $4,560. See the full explanation below for the reasoning.
Question
In Hendricks on Township, houses are assessed at 80% of the purchase price. If Mr. Thomas buys a house in Hendricks on for $120,000 and rea estate taxes are $4.75 per $100 of assessed valuation, how much property tax must he pay per year?
Options
- A$3,648
- B$5,472
- C$4,560
- D$4,845
How the community answered
(62 responses)- A5% (3)
- B13% (8)
- C79% (49)
- D3% (2)
Community Discussion
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