SOLUTION: John pays $650 in property tax. What is the assessed value of his property if property taxes are 1.2% of assessed value?
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Question 325742: John pays $650 in property tax. What is the assessed value of his property if property taxes are 1.2% of assessed value?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
John pays $650 in property tax. What is the assessed value of his property if property taxes are 1.2% of assessed value?
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Equation:
0.012x = 650
x = $54,166.67
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Cheers,
Stan H.
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