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*244111110* Tax Illinois  Form

*244111110* Tax Illinois Form

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hello everyone and welcome to today's video So today we're going to be doing math now I got this question from a student and I wanted to solve it here together so I haven't solved this on my own so we're going to be doing it together all right so I'm just grabbing my phone here and I'll open up the calculator so that I have that ready and I'm going to use my screen as scratch paper so we're going to work on this together all right so the question says a property's market value is four hundred thousand dollars the assessment rate for the house is 25 and 2.75 meals and a 25 000 property tax deduction find the annual taxes okay so let's solve this together first we start with our market value which is four hundred thousand dollars okay and then we need to find the assessed value which is using the assessed rate of 25 percent so if you pull out your calculator 25 is essentially a quarter so four hundred thousand dollars divided by four is a hundred thousand dollars so that is our assessed

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