Question

Taxes on a house asse kes on a house assessed at $64.000 are $1500 a vear. If the assessment is raised to $85,000 and the tax rate did not change, how much would the taxes be?

Answer 1

$1992.19

Explanation:

Taxes are proportional to the assessment, so the new taxes would be ...

taxes/assessment = 1500/64000 = tax/85000

Multiply by 85000 to find the tax:

tax = 85000(1500/64000) = 1992.1875 ≈ 1992.19

The taxes would be $1992.19.