Question

If the property tax on a $300,000 home is $2,270, what is the tax on a $150,000 home?

Answer 1

Answer:

$1140

Step-by-step explanation:

We need to find the percentage of income that is the tax.

The property tax on a $300,000 home is $2,270.

We need to find how many of $300000 is $2270:

$\frac{2270}{300000} * 100$ ≅ 0.76%

The tax rate is 0.76%.

Therefore, the tax on a $150000 home is:

$\frac{0.76}{100} * 150000$ = $1140

The tax is $1140