SOLUTION: if the property tax on a property with an assessed value of $150,000 is $1350, what is the property tax on a property with an assessed value of $225,000? What is the tax rate?

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Question 262737: if the property tax on a property with an assessed value of $150,000 is $1350, what is the property tax on a property with an assessed value of $225,000? What is the tax rate?
Answer by unlockmath(1688) About Me  (Show Source):
You can put this solution on YOUR website!
Hello,
We can set up a formula that would be Value of property times the rate = property tax or in shorter version:
Vr=tax Plug in the values we know:
150,000r=1350 Divide both sides by 150,000 to get:
r=.009 or .9% is the tax rate
On a property valued at $225,000 use the same formula:
225,000(.009)=tax Do the calculations:
$2025
There we go.
Make sense?
RJ
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www.math-unlock.com