Math & YOU | 5.3 Property Tax

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Math Help

To change the tax rate in Example 4 to decimal form, divide by 1000, as shown.
Consumer Suggestion

Considering moving to another state? These tax components may influence your decision.
Checkpoint Solution

The graph shows that the homestead tax credit is about $255 for a property with an assessed value of $125,000. So, the property tax is

The homeowner pays $8495 for property tax.
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Guest 1 decade ago |

Homestead credit laws very from state to state. A common feature, however, is that they are designed to help people with low to moderate incomes.

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