Question

Calculate the amount of property tax Alice Brown owes on her home, which has an assessed value of $90,000. The tax rate in her community is $31.00 per $1,000 of assessed value.

Answer 1

This is the concept of commercial arithmetic, the amount of tax calculated from $90,000 will be:
Rate*value
=31/1000*90000
=$2,790
the answer is $2,790

Answer 2

First determine the number of times $1,000 is contained in the assessed value:

$90,000 ÷ 1,000 = 90

Therefore, tax = $31 × 90 = $2,790