Explanation The four methods of expressing property tax rates are decimal or percent of assessed value, per $ 100 of assessed value, per $ 1000 of assessed value and mills (one one-thousandth of a dollar). For calculating property tax in percent of assessed value, apply the formula Property Tax = Assessed value × Tax rate For calculating property tax in per $ 100 of assessed value, first calculate number of $ 100 . Number of $100 = Assessed Value 100 Then, Property Tax = Number of $100 × Tax rate per $100 For calculating property tax in per $ 1000 of assessed value, first calculate number of $ 1000

Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305585447

Author: Robert Brechner, Geroge Bergeman

Publisher: Cengage Learning

See similar textbooks

Concept explainers

Percentage

A percentage is a number indicated as a fraction of 100. It is a dimensionless number often expressed using the symbol %.

Algebraic Expressions

In mathematics, an algebraic expression consists of constant(s), variable(s), and mathematical operators. It is made up of terms.

Numbers

Numbers are some measures used for counting. They can be compared one with another to know its position in the number line and determine which one is greater or lesser than the other.

Subtraction

Before we begin to understand the subtraction of algebraic expressions, we need to list out a few things that form the basis of algebra.

Addition

Before we begin to understand the addition of algebraic expressions, we need to list out a few things that form the basis of algebra.

Videos

Question

Chapter 18, Problem 7CR

To determine

The four methods of expressing property tax rates.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 18, Problem 6CR

Chapter 18, Problem 8CR

Students have asked these similar questions

Can you solve question 3,4,5 and 6 for this question

water at a rate of 2 m³/min. of the water height in this tank? 16) A box with a square base and an open top must have a volume of 256 cubic inches. Find the dimensions of the box that will minimize the amount of material used (the surface area). 17) A farmer wishes to

#14 Sand pours from a chute and forms a conical pile whose height is always equal to its base diameter. The height o the pile increases at a rate of 5 feet/hour. Find the rate of change of the volume of the sand in the conical pile when the height of the pile is 4 feet.

Chapter 18 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 18.I - Use Exhibit 18-1 to determine the amount of sales...Ch. 18.I - Andy Bennett purchased a car for $38,600 at Auto...Ch. 18.I - At the end of a business day, the cash register at...Ch. 18.I - An archery set at The Sports Authority in Mason,...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...Ch. 18.I - Use Exhibit 18-1 to determine the sales tax and...

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.

The four methods of expressing property tax rates.

Solution Summary: The author explains the four methods of expressing property tax rates.

Concept explainers

Videos

The four methods of expressing property tax rates.

Want to see the full answer?

Chapter 18 Solutions