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A property was assessed at 25% of value with a tax rate of $12 per hundred. if the taxes totaled $11,400, what was the value? 1 $95,000

A property was assessed at 25% of value with a tax rate of $12 per hundred. if the taxes totaled $11,400, what was the value? 1 $95,000
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A property was assessed at 25% of value with a tax rate of $12 per hundred. if the taxes totaled $11,400, what was the value? 1 $95,000

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User Mohanrajan
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1 Answer

3 votes

11400 ÷12 = 950 hundreds

95000 x 100/25 = $380,000 <== value of the property

answered
User Marko Stojkovic
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