SOLUTION: John pays $650 in property tax. What is the assesed value of his property if his property taxes are 1.2% of assessed value.

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Question 191503: John pays $650 in property tax. What is the assesed value of his property if his property taxes are 1.2% of assessed value.
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
let assessed value =A
:
A(.012)=650
:
A=$54166.67....assessed value