asked 55.1k views
2 votes
If you paid $1600 in property taxes on a house appraised at $80,000, what is the property tax rate in your neighborhood?

asked
User Dilyara
by
8.1k points

1 Answer

5 votes
1600 is a double amount of 800, 800 of 80,000 is 1%, the property tax rate is 2%.
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