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Question 1: House Purchase House Price: $364,000.00 Closing cost: $9,500.00 (h) Since this home is your primary home, you get a residential exemption on it
Question 1: House Purchase House Price: $364,000.00 Closing cost: $9,500.00 (h) Since this home is your primary home, you get a residential exemption on it (i.e. a small tax break). You get a reduction of $6,000 off of your assessed value. Find the assessed value after the exemption is applied. (i) Property taxes are calculated from the value you found in Question 1h. The property tax rate on your property is 9.5%. Find how much you will pay in property taxes per year. Round your value UP to the nearest penny. () How much do you pay in property taxes per month? Round your final answer UP to the nearest penny. (k) You have to pay homeowners insurance and it costs you $1040 per year. How much do you have to pay in homeowners insurance per month? Round your final answer UP to the nearest penny. (1) What is your monthly payment for the home including the house payment (Question 1d) from property taxes (Question lj) and homeowners insurance (Question 1k) ? Question 1: House Purchase House Price: $364,000.00 Closing cost: $9,500.00 (h) Since this home is your primary home, you get a residential exemption on it (i.e. a small tax break). You get a reduction of $6,000 off of your assessed value. Find the assessed value after the exemption is applied. (i) Property taxes are calculated from the value you found in Question 1h. The property tax rate on your property is 9.5%. Find how much you will pay in property taxes per year. Round your value UP to the nearest penny. () How much do you pay in property taxes per month? Round your final answer UP to the nearest penny. (k) You have to pay homeowners insurance and it costs you $1040 per year. How much do you have to pay in homeowners insurance per month? Round your final answer UP to the nearest penny. (1) What is your monthly payment for the home including the house payment (Question 1d) from property taxes (Question lj) and homeowners insurance (Question 1k)
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