Final answer:
To find the tax on a property that was appraised at $65,000 with an assessed value of $55,000, we can set up a proportion using the given information. By solving the proportion, we find that the tax would be approximately $709.09.
Step-by-step explanation:
To find the tax on a property that was appraised at $65,000 with an assessed value of $55,000, we can set up a proportion using the given information:
Appraised Value 1 / Assessed Value 1 = Appraised Value 2 / Assessed Value 2
Substituting the values:
$50,000 / $40,000 = $65,000 / $55,000
Now, we can solve for the tax on the new property:
($65,000 / $55,000) × $600 = $709.09
Therefore, the tax on the property that was appraised at $65,000 with an assessed value of $55,000 would be approximately $709.09.