Question

The property taxes on a house were $600. What was the tax rate if the house was valued at $100,000? Follow the problem solving and round your answer to the nearest hundredth of a percent, if necessary.

Answer 1

Based on the information given the tax rate if the house was valued at $100,000 is 60%.

Let $600= x%

Let $100,000=100%

Let the tax rate=x

Proportion:

600/100,000=x/100

Hence,

x=600×100/100,000

x=60,000/100,000

x=60/100

x=0.6%×100

x=60%

Inconclusion  the tax rate if the house was valued at $100,000 is 60%.

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