Assessed Value
Presentation
•
Mathematics
•
12th Grade
•
Hard
Mary Grace Sadorra
Used 1+ times
FREE Resource
4 Slides • 5 Questions
1
Period 2- Math Finance
2
Poll
Assessed value is the same as market value.
True
False
3
based on a percentage of the appraised value which is used to determine how much property taxes you will owe on your home.
Assessed Value
how much your home is worth currently on the market
Market Value
Some text here about the topic of discussion
4
Fill in the Blanks
The assessed value of Joseph’s house is $9,000. The annual property tax rate is 97.22% of assessed value. What is the annual property tax?
Type answer...
5
Kevin and Cathy Mackin have a mortgage with National Trust Bank. The bank requires that the Mackins pay their homeowner’s insurance, property taxes, and mortgage in one monthly payment to the bank. Their monthly mortgage payment is $1,233.56, their semi-annual property tax bill is $5,206, and their annual homeowner’s insurance bill is $1,080. How much is the monthly payment they make to National Trust?
6
Fill in the Blanks
How much is the monthly payment they make to National Trust?
Type answer...
7
Show your work on paper.
Some text here about the topic of discussion
8
Fill in the Blanks
1) The assessed value of the Weber family’s house is $186,000. The annual property tax rate is 2.15% of assessed value. What is the property tax on the Weber’s home?
Type answer...
9
Fill in the Blanks
Allison has a mortgage with North End Bank. The bank requires that she pay her homeowner’s insurance, property taxes, and mortgage in one monthly payment. Her monthly mortgage payment is $1,390, her semi-annual property tax bill is $3,222, and her quarterly homeowner’s bill is $282. How much does Allison pay North End Bank each month?
Type answer...
Period 2- Math Finance
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