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New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property...

New Hampshire ranks as the #1 most expensive state for property taxes. The median 2017 property tax was $4,636. the 2019 rate $125 per $100 of assessed value, how much does a homeowner owe for a property assessed at $378,150^ (Round your answer to the nearest cent.)
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Answer #1

Solution : -

Property Assessible Value   = $378,150

(divided by) = $100

Answer = Assessible Value / 100 = ( $378,150 / $100 )   = $3781.5

(multiplied by) Tax Rate per $100 = $1.25

Property Tax = ( $3781.50 * $1.25 ) = $4,726.87 or $4727(rounded off)

Thus the property tax in 2019 is $4,727(rounded off)

Comparison : Property tax was $4,636 in 2017. It is increased by $91 from $4636 to $4727 in 2019

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