Answer: $562.5
Step-by-step explanation:
Given : The taxes on a house valued at $60,000 are $450.00.
i.e. Market value of house = $60,000
Tax amount paid on $60,000 market value house = $450.00
Tax rate = (Tax amount on ) ÷ (Market value of house)
⇒ Tax rate= 0.0075
Market value of another house = $75,000
Tax amount paid on $75,000 market value house = (Tax rate) x ( (Market value of house))
= (0.0075 )x ( $75,000) = $562.5
Hence, the taxes on the house next door with a market value of $75,000= $562.5
