SOLUTION: Property tax is based on the assessed value of the property. A house that has an assessed value of 150,000 has a property tax of $ 5,520.Find a model for tax in terms of value use

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Property tax is based on the assessed value of the property. A house that has an assessed value of 150,000 has a property tax of $ 5,520.Find a model for tax in terms of value use       Log On


   

Question 275772: Property tax is based on the assessed value of the property. A house that has an assessed value of 150,000 has a property tax of $ 5,520.Find a model for tax in terms of value use the model to determine the tax on a house assessed at $200,000.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
5,520/150,000=.0368 is the tax rate.
200,000*.0368=$7,360 would be the tax on this property.
The model is [ASSESSMENT*.0368=TAXES.]