SOLUTION: Property valued at $18,000 is assessed for 1/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the year property tax bill?

SOLUTION: Property valued at $18,000 is assessed for 1/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the year property tax bill?

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Question 21311: Property valued at $18,000 is assessed for 1/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the year property tax bill?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
(1/3)(18000)= $6000
6000/100 = 60
60($3) = $180 tax bill
Cheers,
Stan H.
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