A homeowner must pay 2% of the appraised value of the home every year in taxes. If the house is appraised at $256,000, how much will the homeowner pay each year in taxes?

A homeowner must pay 2% of the appraised value of the home every year in taxes. If the house is appraised at $256,000, how much will the homeowner pay each year in taxes?

Detailed Explanation

256,000 × 2% = 256,000 × 0.02 = 5,120