if the property tax on a $149500 home is $3860, what is the tax on a $175000 home

Answer 1

Hi Kim!

For the $149,500 home, the property tax rate must be $3,860 / $149,500 which is .02582 or 2.582%. We would multiply that rate by $175,000 to get a tax of $4,519.

Thanks and please let me know if I can be more helpful!

Joe