Question

The tax on a property with an assessed value of $90,000 is $1,200 what is the assessed value of a property if the tax is $2,200

Answer 1

Use a proportion.

90,000/1,200 = x/2,200

1,200x = 2,200 * 90,000

1,200x = 198,000,000

x = 165,000

The assessed value is $165,000.

Answer 2

Answer: $1,65,000

Explanation:

Given:

Assessed value of property = $90,000

Tax on a property with $90000 as assessed value of property = $ 1200

Also given :

Tax on a property with unknown amount as assessed value of property = $ 2200

Thus when tax is $1200, the assessed value of property is = $90000

If tax is $2200, the assessed value of property is =
`(\$90000)/(\$1200)* \$2200=\$1,65,000`

Thus $1,65,000 is the assessed value of a property if the tax is $2,200