SOLUTION: Property valued at $18,000 is assessed for 2/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the yearly property tax bill?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Property valued at $18,000 is assessed for 2/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the yearly property tax bill?      Log On


   

Question 19797: Property valued at $18,000 is assessed for 2/3 of its value. If the property tax levy is $3 per $100 of assessed value per year, what is the yearly property tax bill?
Answer by wuwei96815(245) About Me  (Show Source):
You can put this solution on YOUR website!
$18,000 x 2/3 = $12,000

$12,000 x $3/$100 = $360