Question

The tax on a property with an assessed value of $ 68 comma 000 is $ 550. Using a​ proportion, find the tax on a property with an assessed value of $ 123 comma 000.

Answer 1

The answer is $994.85

Step-by-step explanation:

This can be calculated using the proportion method.

Unit $ worth of the property costs = $550 / $68,000 = 0.008088

$123,000 worth of property costs = 0.008088 * $123,000 = $994.85