 Hello and welcome to the session. In this session we are going to discuss the following question and the question says that the market value of Syrah's house is $228,000. Calculate her property tax if the assessment rate is 25% and property tax rate is 7.35%. Now let us start with the solution of the given question. The market value of Syrah's house is given as $228,000. Assessment rate is given as 25%. First of all we shall find the assessed value which is given by assessment rate into market value and this will be equal to 25% into $228,000 which can be written as 25% into $228,000 and this is equal to 25% into $2280 which is equal to $57,000. So we can say that assessed value of Syrah's house is $57,000. Now tax rate is also given as 7.35% and we know that property tax due is equal to assessed value into tax rate. So here it will be equal to assessed value that is $57,000 into tax rate that is 7.35%. Now this can be written as $57,000 into 7.35 upon 100 and this is equal to $570 into 7.35 that is $4189.50. Thus Syrah will pay $4189.50 as property tax on her house. This is the required answer. This completes our session. Hope you enjoyed this session.