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Max Maxwell's property is assessed at $412,500. He pays $5775.00 in property taxes, what is the property tax rate in his city?
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Max Maxwell's property is assessed at $412,500. He pays $5775.00 in property taxes, what is the property tax rate in his city?

User Thomson Ignesious
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1 Answer

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You divide his property by his tax. That makes 412,500 รท 5775 = 71.4285715286.
5775 is approx 71.4% of 412,500. The tax is approx 71.4%
To check this you multiply 71.4285714286 by 5775 which does get you 412,500
User Hovercouch
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