Question

The property tax on a house with an assessed value of $480,000 is $5760. Determine the property tax on a house with an assessed value of $600,000, assuming the same tax rate.

Answer 1

$7200

Explanation:

We can start by finding out the tax rate by dividing the property tax by assessed value.

$5760/$480,000 = 0.012

From this, we learn the tax rate is 1.2%

Now, we can multiply the assessed value of $600,000 by the tax rate.

$600,000*0.012 = $7200

The property tax on a house with the assessed value of $600,000 is $7200.

Answer 2

Hey there!

5760/480000=x/600000

Solving for x, we get the answer is $7200.

Let me know if this helps :)