Question

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?

Answer 1

You divide his property by his tax. That makes 412,500 ÷ 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