Question

Taxes - Taxes on a house assessed at $64,000 are $1500 a year. If the assessment is raised to $85,000 and the tax rate did not change, how much would the taxes be?Express your answer rounded correctly to the nearest dollar.

Answer 1

The ratio of the taxes to the total price is:

$tax=\frac{85000}{64000}\cdot1500$

Simplify:

$taxes=\frac{85}{6}\cdot1500=1992.1875$

Round to the nearest dollar is 1992

Answer: $1992