​A veteran living in Huntsville receives a partial exemption of 10% of regular property taxes. The veteran owns property valued at $230,000. If the property is assessed at 60% of value and the current rate is 1.6%, how much tax is due each six months?

Property Taxes

Property Taxes are levies on property owned by individuals or other legal entities, usually based on the value of the property.

Valuation Rate

A rate used to estimate the current value of assets or liabilities for purposes of financial reporting or appraisal.

Market Value

The prevailing rate at which a good or service is available for purchase or sale on the open market.