SOLUTION: In Chicago, the tax on a property assessed at $960,000 is $14,400. If tax rates are proportional in this city, how much would the tax be on a property assessed at $360,000?

SOLUTION: In Chicago, the tax on a property assessed at $960,000 is $14,400. If tax rates are proportional in this city, how much would the tax be on a property assessed at $360,000?

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Question 1075258: In Chicago, the tax on a property assessed at $960,000 is $14,400. If tax rates are proportional in this city, how much would the tax be on a property assessed at $360,000?

Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
Let n be the amount assessed on the second property. Then:
14400/960000=n/360000
960000n=360000x14400
n=$5400 in taxes due on the second property. ☺☺☺☺
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