Question

The property taxes on a business were $1035. What was the tax rate of the business office was valued at $115,000?

Answer 1

Answer:

The rate of tax is 0.9% of the actual business amount.

Step-by-step explanation:

Given that:

Tax amount = $1035

Business value = $115,000

So, for finding the rate, we will have to divide the tax amount by business value and multiply it by 100 as follows:

Rate = 1035/115,000 * 100

By simplifying we get:

Rate = 0.009 *100

Rate = 0.9 %

This means that the tax rate is 0.9% of the original amount.

i hope it will help you!