The property taxes on a house were $1860. What was the tax rate if the house was valued at $155,000? Follow the problem-solving process and round your answer tothe nearest hundredth of a percent, if necessary.AnswerHow to enter your answer (opens in new window)39°FCloudyQAⒸ2023 Hawkes LearningZ2WSX#13E$D4F4RJLCF%5■FSILTVQ SearchA6BY&H72.UNSUITEGE8M%(9K(CALL)prt scO<.}OLhomeP::+insert(21?1.<KeypadKeyboard ShortcutsSubmit AnswerbackspacenumlockCE1

Property Tax Rate = Property Tax on house / Value of house

Answered: The property taxes on a house were…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Calculate how much money a prospective homeowner would need for closing costs on a house that costs $237 comma 500237,500. Calculate based on a 2121 percent down payment, 1.21.2 discount points on the loan, a 0.60.6 point origination fee, and $1 comma 8301,830 in other fees.
You own a house that you rent for $1,100 per month. The maintenance expenses on the house average $200 per month. The house cost $219,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $241,000. If you sell the house you will incur $19,280 in real estate fees. The annual property taxes are $2,500. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?
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The property taxes on a house were $1860. What was the tax rate if the house was valued at $155,000? Follow the problem-solving process and round your answer to the nearest hundredth of a percent, if necessary.