If Dale's property is assessed at $35,190 and the tax rate is 5%, what are his annual property taxes?

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To determine Dale's annual property taxes, you need to multiply the assessed value of the property by the tax rate. Dale's property is assessed at $35,190, and the tax rate is 5%, which can be expressed as a decimal as 0.05 for calculation purposes.

The formula to calculate the property taxes is:

Property Taxes = Assessed Value × Tax Rate

Plugging in the numbers:

Property Taxes = $35,190 × 0.05 = $1,759.50

Thus, Dale's annual property taxes amount to $1,759.50, which aligns with the chosen answer.

Understanding this calculation is crucial for property owners as it helps in budgeting and financial planning related to real estate.

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