Respuesta :
Answer:
A
Step-by-step explanation:
74,000 x .48 = 35520. 35520 is the amount of property you have to pay for.
35520 x 0.031 = 1,101.12. 1.101.12 is the amount you owe in property tax.
The amount owed in property tax to the nearest dollar is $1,101
What is the market price of a property?
In real estate management, the market price is the price at which a buyer is willing to pay and which the seller is as agreed to receive at the present time.
From the parameters given:
- The market price = $74000
- The state tax on the property = 48% = 0.48
From the property, the required amount of property to be paid for is:
= $74000 × 0.48
= $35520
If the state property tax rate is 0.31, the amount owe in property tax is:
= $35520 × 0.031
= $1,101
Learn more about market price here:
https://brainly.com/question/8084221