Two years ago, Elena purchased a condo. She has made some improvements on it, which increased the value of the property. Property tax in her community is 1.25%.This table shows the value of Elena’s condo over the last three years.Value of property at purchase Value of property last yearValue of property today$187,200$188,550$190,000
Property tax is calculated using the property’s current value. Elena’s condo is worth $190,000 today, and 1.25% of $190,000 is $190,000 × 0.0125 = $2,375. Therefore, the property tax is $2,375.00, choice C.
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