Question

The Diem family pay $2100 in taxes on their home, which has an

assessed value of $64,000. How much will the taxes be on a $96,000
home in the same district?

Answer 1

Taxes paid = $3,150

Explanation:

Calculate the tax rate on Diem's family home

Tax rate= taxes paid/ assessed value

Tax rate= 2100/64000= 0.0328125 or 3.281%

Next, use the above formula and tax rate to find tax amount on a home worth $96,000.

0.0328125=Taxes paid/96000

Taxes paid=96000*0.0328125 =$ 3,150