Question

In Atlanta, the tax on a property assessed at $670,000 is $7,370. If tax rates are proportional in this city, how much would the tax be on a property assessed at $540,000?

Answer 1

The tax on a property assessed at $540,000 would be approximately $5,940 if tax rates are proportional in Atlanta.

Explanation:

If tax rates are proportional, you can find the tax on a property assessed at $540,000 by setting up a proportion based on the given information:

Tax / Property Value = Tax Rate

Let "x" be the tax on a property assessed at $540,000. We can set up the proportion as follows:

$7,370 / $670,000 = x / $540,000

Now, you can cross-multiply and solve for "x":

$7,370 * $540,000 = x * $670,000

$3,978,000,000 = x * $670,000

Now, divide both sides by $670,000 to find the value of "x," which represents the tax on a property assessed at $540,000:

x = $3,978,000,000 / $670,000 ≈ $5,940