Jack and brenda bushnell pay $2,870.19 in annual property taxes. the rate of assessment for their tax district is 54%, and their tax rate is 39.87 mills. what is their property’s market value to the nearest cent?

The market value to the nearest cent is $133,312.43.

Step-by-step explanation:

Given is :

Jack and Brenda Bushnell pay $2,870.19 in annual property taxes.

The rate of assessment for their tax district is 54% or 0.54.

Tax rate is = 39.87% or 0.3987

Let their property’s market value be = P

We can find P as :

P = $133,312.43

Hence, the market value to the nearest cent is $133,312.43.

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step-by-step explanation: