Property Taxes: Calculations & Rates


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question 1 of 3

A house has an appraised value of $600,000. If the property tax is 8 percent, calculate the property tax.

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1. A house has an appraised value of $250,000. The local government has a tax rate of $75 per $1,000 for calculating the property tax. What is the property tax?

2. Select the statement that is NOT true of property taxes.

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About This Quiz & Worksheet

These assessment tools look at the two main ways to figure out the taxes owed on real estate. You'll have to figure out the taxes in a set of problems for the majority of questions on the quiz.

Quiz & Worksheet Goals

Students will answer questions related to:

  • Various property tax problems
  • A true statement about property taxes

Skills Practiced

  • Interpreting information - verify you can read information regarding property taxes and interpret it correctly
  • Problem solving - use acquired knowledge to solve property tax problems
  • Reading comprehension - ensure that you draw the most important information from the related business lesson

Additional Learning

To learn more about giving the right chunk back to your local government, review the corresponding lesson called Property Taxes: Calculations & Rates. This lesson will help you:

  • Understand what property taxes are
  • Describe who needs to pay property taxes
  • Identify the two methods of calculating these taxes
  • Explain how to find property taxes by percentage
  • Learn how to calculate by a certain tax rate