Find the property tax on a vacant lot with an assessed value of

​$32 comma 20032,200

and a tax rate of

​$4.394.39

per​ $100 of assessed value.

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Part 1

The property tax is

​$enter your response here.

​(Round to the nearest​ cent.)

To calculate the property tax, follow this formula:

\[
\text{Property Tax} = \left( \frac{\text{Assessed Value}}{100} \right) \times \text{Tax Rate}
\]

Given:
- Assessed value = \$32,200
- Tax rate = \$4.39 per \$100 of assessed value

### Step 1: Divide the assessed value by 100
\[
\frac{32,200}{100} = 322
\]

### Step 2: Multiply by the tax rate
\[
322 \times 4.39 = 1413.58
\]

So, the property tax is **\$1,413.58**.

Would you like more details on this or have any questions?

Here are 5 related questions:
1. What factors influence property tax rates?
2. How do you calculate property tax if the tax rate changes?
3. How are property values assessed for tax purposes?
4. What are some ways to reduce property taxes?
5. How do tax rates vary across different regions?

**Tip:** Always double-check both the assessed value and tax rate for accuracy when calculating taxes.

Find the property tax on a vacant lot with an assessed value of $32,200 and a tax rate of $4.39 per $100 of assessed value. Round to the nearest cent.

Learn how to calculate the property tax on a vacant lot with an assessed value of $32,200 and a tax rate of $4.39 per $100. Follow step-by-step instructions to understand basic arithmetic and percentage-based calculations. This problem is ideal for students in Grades 6-8.

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