SOLUTION: Question please. If a house was purchased for $80,000, the property taxes were $1400.00. If improvements were made and the new home value is $120,000.00, what is the new property t
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Question 286205: Question please. If a house was purchased for $80,000, the property taxes were $1400.00. If improvements were made and the new home value is $120,000.00, what is the new property tax? What I came up with is 1400/80000= ? /120000= $2100.00. Is this correct? Please advise. Thank you.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The tax rate as a percent is , 1.75%
The tax on 120000 is
You are correct
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