What do you multiply by .002 to calculate intangible taxes on $200,499?

To calculate the intangible taxes on a specific amount, you multiply that amount by the tax rate. In this case, the computation involves multiplying the dollar amount of $200,499 by the intangible tax rate of .002 (or 0.2%). This method directly applies the tax rate to the assessed value to determine the amount of tax owed, making it clear that the value to be multiplied is indeed the full amount in question, $200,499.

The answer reflects a straightforward application of this principle of taxation, where using the actual value ($200,499) to find the tax is standard practice. This ensures that you are calculating the correct amount of tax owed based on the total. Hence, it confirms the approach to finding intangible taxes aligns with preparing for real estate transactions, where tax calculations are crucial for accurate assessments.