Let’s solve this step by step:
1. **Determine the Assessed Value**:
First, we need to calculate the assessed value of the house by applying the assessment rate to its actual value. The assessment rate is 8% (or 0.08 when expressed as a decimal).
Assessed Value = House Value × Assessment Rate
Assessed Value = $225,000 × 0.08
2. **Calculate the Assessed Value**:
Now, let's do the multiplication to get the assessed value.
Assessed Value = $225,000 × 0.08 = $18,000
3. **Compute the Annual Tax Payment**:
The tax rate is given as $9 per $100 of assessed value. To calculate the tax, we convert that rate into a decimal by dividing by 100.
Annual Tax Rate (as a decimal) = Tax Rate Per $100 / 100
Annual Tax Rate (as a decimal) = $9 / 100 = $0.09
Now we will multiply the assessed value by this tax rate to find the annual tax payment.
Annual Tax Payment = Assessed Value × Annual Tax Rate
Annual Tax Payment = $18,000 × $0.09
4. **Calculate the Annual Tax Payment**:
Now, let's do this multiplication to find out the annual tax.
Annual Tax Payment = $18,000 × $0.09 = $1,620
5. **Determine the Monthly Tax Payment**:
Since we want the monthly tax payment, we need to divide the annual tax by 12 (the number of months in a year).
Monthly Tax Payment = Annual Tax Payment / 12
Monthly Tax Payment = $1620 / 12
6. **Calculate the Monthly Tax Payment**:
Now, let's divide that by 12.
Monthly Tax Payment = $1620 / 12 = $135
Therefore, the answer is:
D) $135
