SOLUTION: In Central City, a property owner pays school taxes at the rate of 2% of the first $1500 of assessed valuation, 3% of the next $2000, 5% of the next $3000, and 6% of the remainder.
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Question 383553: In Central City, a property owner pays school taxes at the rate of 2% of the first $1500 of assessed valuation, 3% of the next $2000, 5% of the next $3000, and 6% of the remainder. How much must the property owner pay in school taxes each year if his home is assessed at $8000 Answer by vleith(2983) (Show Source):
You can put this solution on YOUR website! Total of 8000
2% on the first 1500 = leaving still to go
3% on the next 2000 = leaving left
5% ofthe next 3000 = leaving left
6% of the rest =
Total all of the pieces to get
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