How much will a buyer pay in property taxes for a home valued at $220,000 if the tax rate is 0.2%?

To calculate the property taxes a buyer will pay for a home valued at $220,000 with a tax rate of 0.2%, you can use the formula:

Property Tax = Property Value × Tax Rate.

Substituting the given values:

Property Tax = $220,000 × 0.002 (which is 0.2% expressed as a decimal) = $440.

This calculation demonstrates that the correct amount of property taxes for a home valued at the specified amount with the given tax rate is indeed $440. The choice of $440 accurately reflects the straightforward multiplication of the property value by the tax rate, making this answer the correct one. The other choices either reflect miscalculations or incorrect interpretations of the tax rate applied.