Question

I’m Atlanta, the tax on a property assessed at $930,000 is $19,530. If tax rates are proportional in this city, how much would the tax be on a property assessed at $660,000

Answer 1

The tax on property assessed at $660,000 is $13860 .

Explanation:

Given:

In Atlanta the tax on a property assessed at $930,000 is $19,530.

The tax rates are proportional to this city.

Now, to find the tax on a property assessed at $660,000.

So, we need to get the tax rate of Atlanta first.

Tax Rate = Tax / Property assessed × 100.

`Tax\ rate=(19530)/(930000) * 100`

`Tax\ rate=0.021 * 100`

`Tax\ rate=2.1\%`

According to question the tax rates are proportional.

So, for getting the tax in this city we use the same rate of Atlanta:

Tax = tax rate of property assessed.

`Tax = 2.1\% of\ \$660,000`

`Tax = (2.1)/(100)* 660000.`

`Tax = 0.021* 660000`

`Tax=\$13860`

Therefore, the tax on property assessed at $660,000 is $13860.