Question 11

Solve the problem. In one county, property is assessed at 45% of market value with a tax rate of 35.8 mills. In a second county, property is assessed at 34% of market value with a tax rate of 42.5 mills. If you had $110,000 to spend on a house, which county would charge the lower property tax? Find the annual amount saved.

		First county, $182.60
		Second county, $1826.00
		Second county, $182.60
		First county, $1826.00