Questions: Given a tax rate of 0.8231 and total property tax due of 12,510, the total assessed valuation rounded to the nearest dollar is: Multiple Choice 1,519 150,199 15,199 5,199 None of the answer choices are correct.

Solution Steps

To find the total assessed valuation, we need to divide the total property tax due by the tax rate. This will give us the assessed valuation before rounding. Finally, we round the result to the nearest dollar.

To find the total assessed valuation \( V \), we use the formula:

\[ V = \frac{\text{Total Property Tax Due}}{\text{Tax Rate}} = \frac{12510}{0.8231} \]

Calculating this gives:

\[ V \approx 15198.6393 \]

Next, we round the total assessed valuation to the nearest dollar:

\[ V_{\text{rounded}} = \text{round}(15198.6393) = 15199 \]

Final Answer