Answer:
The property tax is $1008.
Step-by-step explanation:
Given:
All property tax in Wyoming is based on the assessed value of the property being taxed.
The assessed value of a hotel is $84,000.
Tax rate is 1.2%.
Now, to find the property tax.
Property tax = Tax rate of the property assessed value.
[tex]Property\ tax =1.2\%\ of\ \$84,000.[/tex]
[tex]Property\ tax=\frac{1.2}{100}\times 84000.[/tex]
[tex]Property\ tax=\frac{100800}{100}[/tex]
[tex]Property\ tax=\$1008.[/tex]
Therefore, the property tax is $1008.
