Question

I’m Atlanta, the tax on a property assessed at $930,000 is $19,530. If tax rates are proportional in this city, how much would the tax be on a property assessed at $660,000

Answer 1

Answer:

The tax on property assessed at $660,000 is  $13860 .

Step-by-step explanation:

Given:

In Atlanta the tax on a property assessed at $930,000 is $19,530.

The tax rates are proportional to this city.

Now, to find the tax on a property assessed at $660,000.

So, we need to get the tax rate of Atlanta first.

Tax Rate = Tax / Property assessed × 100.

$Tax\ rate=\frac{19530}{930000} \times 100$

$Tax\ rate=0.021 \times 100$

$Tax\ rate=2.1\%$

According to question the tax rates are proportional.

So, for getting the tax in this city we use the same rate of Atlanta:

Tax = tax rate of property assessed.

$Tax = 2.1\% of\ \ 660,000$

$Tax = \frac{2.1}{100}\times 660000.$

$Tax = 0.021\times 660000$

$Tax=\ 13860$

Therefore, the tax on property assessed at $660,000 is $13860.