New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax was $8,161. If the 2019 rate is $5.74 per $100 of assessed value, how much does a homeowner owe for a property assessed at $131,600? (Round your answer to the nearest cent.)

New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax was $8,161. If the 2019 rate is $5.74 per $100 of assessed value, how much does a homeowner owe for a property assessed at $131,600? (Round your answer to the nearest cent.)

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter5: Deductions For And From Agi

Section: Chapter Questions

Problem 20P

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Question

New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax was $8,161. If the 2019 rate is
$5.74 per $100 of assessed value, how much does a homeowner owe for a property assessed at $131,600? (Round your answer to
the nearest cent.)
X Answer is complete but not entirely correct.
Property tax
$ 10,938.00 X

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