If the tax rate is \( \$ 3.62 \) per \( \$ 100 \), how much tax must be paid on a home assessed at \( \$ 25.000 \) ?

To calculate the tax on a home assessed at \( \$ 25,000 \) with a tax rate of \( \$ 3.62 \) per \( \$ 100 \), you'll first need to find out how many hundreds are in \$ 25,000. Divide \( 25,000 \) by \( 100 \), which gives you \( 250 \). Then, multiply \( 250 \) by \( 3.62 \): \[ 250 \times 3.62 = 905 \] So, the tax to be paid on the home is \( \$ 905 \). Now, if you’ve ever dealt with property taxes, you know that they can be a bit tricky! One common mistake is forgetting to adjust for exemptions or deductions, which can reduce the assessed value. Always double-check your assessment notice for any potential adjustments that could save you some cash!