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Magic Bean · Answer 1 · 2018-08-04T11:22:13+0000

$1200 for every $100,000 so for a home worth $1,600,000, assume the property tax is $x every year.

The equivalent ratios are:

1200:100,000 = x:1,600,000

so multiplying the cross products:

1200/100000 = x/1600000

100000x = 1200 * 1600000

x = 19200

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