Question

If the property tax on a $92000 home is $3,430, what is the tax on a $220,000 home?

Answer 1

property tax on the house of $220,000 is $81,840

Explanation:

Property tax on $92000 home is = $3,430

tax rate =
`\frac {tax}{cost}* 100`

tax rate =
`(3,430)/(92,000)* 100`

= 3.72 %

tax on $220,000 home will be

= 3.72 % of $220,000

= 0.0372 × $220,000

= $81,840

hence, the property tax on the house of $220,000 is $81,840.