To calculate: The tax due on a condominium with an assessed value of $160,000. The property tax rateis 6.3%.

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Aubree Mcintyre · Accepted Answer

Given:  The assessed value is $160,000  The property tax rate is 6.3%.  Formule used:  Property tax can by computed by,  property tax=assessed value   of property×tax rate  If the tax rate is expressed as a percentage, convert the tax rate percentage to decimals by moving the decimal point two places to the left.  Calculation:  Consider the provided date,  The assessed value is $160,000.  Property tax rate is 6.3%.  Convert the property tax rate into decimals by moving the decimal point two places to the left.  So the property tax rate in decimals is 0.063  Now, multiply the tax rate with the assessed value of property and calculate the property tax due,  160000×0.063=10,080  So, the property tax due is 10,080.  Hence, the tax due to condominium is 10.080― if the assessed value is $160,000 and the property tax rate  is 6.3%.

To calculate: The tax due on a condominium with an assessed value of $160,000. The property tax rateis displaystyle{6.3}%.

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