# SOLUTION: Property valued at \$90,000 is assessed at 2/3 of its value. If the property tax is \$30 per \$1000 of assessed value per year, what is the yearly property tax bill?

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 Question 253616: Property valued at \$90,000 is assessed at 2/3 of its value. If the property tax is \$30 per \$1000 of assessed value per year, what is the yearly property tax bill?Answer by drk(1908)   (Show Source): You can put this solution on YOUR website!Assessed value = 90,000 x (2/3) = 60,000 property tax is 30/1000 = x / 60000 by cross multiplying, we get 1000x = 1800000 x = \$1,800.