A property is assessed at $58,000.
The school rate is $15.55 per 1000 dollars of assessed valuation.
What is the amount of the school tax on the property ?
A. $901.90
If the the assessed valuation is $15.55 per 1000 dollars, divide 1000 into 58,000 and we have 58.
Now multiply 58 times $15.55 to get $901.90
