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A house on Pecan Street is valued at $100,000. The local annual tax rate is $1.50 per $100 appraised value. What will the amount of monthly taxes paid on the house be?

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Real estate math commonly covers commissions, property taxes, area/acreage, and loan calculations, frequently using a T-chart method (Part/Total Rate).


1. A house on Pecan Street is valued at $100,000. The local annual tax rate is $1.50 per $100 appraised value. What will the amount of monthly taxes paid on the house be?





 
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