Question

13) The tax on a property with an assessedvalue of $65.000 is S725. Find theproperty tax on a property with anassessed value of $100.000Type answer here

Answer 1

The tax for $65,000 property is $725. let us calculate it percentage

x % = percentage tax

$\begin{gathered} \frac{x}{100}\times65000=725 \\ \frac{65000x}{100}=725 \\ 650x=725 \\ x=\frac{725}{650} \\ x=1.11538461538\text{ \%} \end{gathered}$

Therefore, the tax for 100,000 will be

$\frac{1.11538461538}{100}\times100000=\text{ \ }1115.38461538$

The tax = $1115