How much will Pam’s property taxes be given the assessed value and tax rates provided?

Prepare for the Azure Tide Realty Exam with targeted flashcards and multiple choice questions. Each answer includes hints and detailed explanations. Equip yourself for success!

To determine the property taxes for Pam, you need to calculate the tax amount based on the assessed value of the property and the applicable tax rates.

If the assessed value of Pam’s property is given, you would multiply that value by the tax rate (expressed as a percentage in decimal form) to find the property tax owed. For example, if the assessed value was $100,000 and the tax rate was 4.8462%, the calculation would be:

[

\text{Property Tax} = \text{Assessed Value} \times \text{Tax Rate}

]

[

\text{Property Tax} = 100,000 \times 0.048462 = 4,846.20

]

This outcome indicates that the property taxes would be $4,846.20, confirming that the selected answer aligns with the tax calculations based on the assessed value and tax rate given.

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