Question: 1. What is the property tax on The 7th Inning Sports Memorabilia Shop, which has an assessed value of $720,000, if the property tax rate is $3.45 per $100 of assessed value?
2. Reggie Howard owns property assessed at $125,300 and the property tax rate is $78.45 per $1,000 of assessed value. How much tax does Reggie pay?