Assume that you pay $2,849.84 in state property taxes every year. If your property has an assessed value of $41,302, what is your state’s property tax rate?

Find the tax rate by dividing the annual property tax by the assessed value: $2,849.84 ÷ $41,302 ≈ 0.069. This is a rate of about 6.9%, so the correct choice is 0.069.

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