Question

The property tax on a house with an assessed value of $624,000 is $7280. Determine the property tax on a house with an assessed value of $762,000, assuming the same tax rate.

Answer 1

Using proportions, the property tax on a house with an assessed value of $762,000 is of $8,890.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

The tax rate, as a proportion, is:

7280/624000 = 0.011667.

Hence, the property tax on a house with an assessed value of $762,000 is of:

0.011667 x 762,000 = $8,890.

More can be learned about proportions at brainly.com/question/24372153

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