Forrest Township levies a tax on the assessed value of real property located within the town limits. The tax equals 1.4% of the value up to $300,000 plus 2% of any value in excess of $300,000. Mildred Payne owns real estate with a $983,500 assessed value. Compute her property tax.

What will be an ideal response?


Mildred's property tax is $17,870 ($4,200 [$300,000 × 1.4%] + $13,670 [$683,500 × 2%]).

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Indicate whether the statement is true or false

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What will be an ideal response?

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Answer the following statement true (T) or false (F)

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