# State Property Tax Rate Calculation

## Calculating State Property Tax Rate

Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate?

To calculate the property tax rate, you can use the formula:

**Property Tax Rate = Total Property Taxes Paid / Assessed Property Value**

Plug in the values:

**Property Tax Rate = $2,849.84 / $41,302**

Now, perform the calculation:

**Property Tax Rate = $2,849.84 / $41,302 = 0.069**

Therefore, the state’s property tax rate is 0.069 or 6.9%.

Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate? a. 0.077 b. 0.032 c. 0.014 d. 0.069 Please select the best answer from the choices provided A B C D. Answer: D Explanation: 2849/41302=.06897971014, which equals .069