Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Dave’s home appraised for $289,000. His asking price was $290,000 and the property ultimately sold for $275,000. What will the new owners pay in property taxes? One percent of $289,000 One percent of $290,000 One percent of $275,000, plus one-half percent of the difference between $289,000 and $275,000 One percent of $275,000

Sagot :

anthougo

Since property taxes are paid on the value of the property, the new owners will pay A. One percent of $289,000.

Data and Calculations:

Appraised value of property = $289,000

Asking price = $290,000

Sales price = $275,000

Property tax = 1% of $289,000 (or $2,890)

Thus, the new owners of Dave's home will pay A. One percent of $289,000 in property taxes.

Learn more about property taxes here: https://brainly.com/question/13887483

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.