The Town of Mayville Taxes Property at a Rate of $42

Multiple Choice

The town of Mayville taxes property at a rate of $42 for each $1,000 of estimated value. What is the estimated value of a property on which the owner owes $5,250 in property tax?

A) $42,000
B) $47,250
C) $125,000
D) $220,500
E) $5,250,000